JC Flowers to inject €450m into Banca Cívica

The loan, which will have an interest rate of 7.5% and includes a warrant, represents the first private equity investment in a Spanish saving bank.

The new capital will allow the firm to implement its domestic and international growth strategy and maintain its funding of retail and corporate markets.

Banca Cívica is currently owned by Caja Navarra, which holds 41%, CajaCanarias (30%) and Caja Burgos (29%). It employs a staff of 4,500.

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• Topics
• Southern Europe
• Financials
• Expansion