Rui Alpalhao buys Banif Capital

Alpalha's successful offer for Banif Capital was among eight bids for the private equity arm of former Banif Banco in an auction launched a year ago, according to the Portuguese business daily Jornal Economico.

In 2003, the Portuguese bank launched Banif Capital, a venture capital firm aiming to contribute to the development of Portuguese small and medium-sized companies. Banif Capital manages three funds: Banif Portugal Crescimento, Infrastructure Fund and Global Private Equity Fund.

In 2015, most of Banif Banco's assets and liabilities were sold by the bank of Portugal to Santander Totta for €150m.

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• Topics
• Southern Europe
• GPs
• Portugal