AnaCap et al. buy €495m Volksbank loan portfolio

The portfolio is made up of 3,566 loans secured by residential and commercial real estate and development land.

APS Romania has been appointed to act as master servicer.

AnaCap stated that the Romanian property values around key urban areas grew by 4% last year, having declined by 38% since mid-2008.

Earlier this year, the firm acquired a €700m portfolio of non-performing loans from Italy-based UniCredit Credit Management Bank. According to reports this weekend, UniCredit is close to divesting the bulk of its remaining €1.5bn private equity portfolio as it continues its drive to shed non-core assets.

In January, AnaCap also acquired a €551m portfolio of performing salary-secured loans from Italian banking group Gruppo Monte dei Paschi di Siena.

AnaCap focuses on investments in the financial services sector. The firm recently supported the management buyout of French online insurance broker AssurOne Group and is also slated to complete the acquisition of LSE-listed insurance broker Brightside Group for £127m in Q3 of 2014.

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• Topics
• CEE
• AnaCap Financial Partners
• Romania