Banco Popolare Ceska Republika to be Acquired by AnaCap

London’s AnaCap Financial Partners has agreed to acquire Banco Popolare Ceská Republika a.s. The Czech bank is a subsidiary of Verona-based Banco Popolare. AnaCap finds the transaction attractive due to the potential growth and expansion of financial service in the country. Household debt in the Czech Republic is very low as is the amount of consumer credit being utilized. Upon completion of the deal AnaCap plans an expansion of the banks services and asset management improvements.

Banco Popolare Ceska Republika (www.bpcr.cz)
Banco Popolare Ceska Republika, a.s. is a fully-licensed Czech bank and part of the Banco Popolare Banking Group. BPCR offers a standard set of products and services to both consumer and commercial clients including deposit and savings accounts, loans, escrow services, safe deposit boxes, internet banking, and payment systems. The 7-branch network is based in the central Czech city of Praha, though BPCR also offers commercial services in several major cities across Europe.

AnaCap Financial Partners (www.anacapcf.com)
Founded in 2005, AnaCap is a private equity firm based in London and active in the financial services sector throughout all of Europe. Since the firm’s inception, funds in excess of €920 million have been raised, including the €575 million close of its newest fund this past summer. AnaCap investors are among some of the world’s biggest names like Goldman Sachs, Morgan Stanley, Allianz, Adams Street Partners, Honeywell, and Alternative Investment Partners.