Coller Capital Acquires Credit Agricole PE

Coller Capital has acquired Crédit Agricole Private Equity (CAPE) and all of the funds managed by CAPE and owned by Crédit Agricole Capital Investment Finance (CACIF), a wholly-owned subsidiary of Crédit Agricole S.A. Crédit Agricole S.A.’s decision to sell CAPE forms part of a plan to optimise capital allocation and refocus the bank’s private equity activities on local business. The sale will reduce Crédit Agricole S.A.’s risk-weighted assets by about 900 million euros ($1.171 billion).

PRESS RELEASE

Crédit Agricole S.A. and Coller Capital today announced an agreement for Crédit Agricole S.A.’s sale to Coller Capital of 100% of Crédit Agricole Private Equity (CAPE) and substantially all of the funds managed by CAPE and owned by Crédit Agricole Capital Investment Finance (CACIF), a wholly-owned subsidiary of Crédit Agricole S.A.
The sale is subject to authorisation from the competent authorities, which should be obtained in the first quarter of 2012.
Crédit Agricole S.A.’s decision to sell CAPE forms part of a plan to optimise capital allocation and refocus the bank’s private equity activities on local business. The sale will reduce Crédit Agricole S.A.’s risk-weighted assets by about 900 million euros ($1.171 billion). Crédit Agricole S.A. will continue to provide financing for SMEs through the private equity vehicles owned by the Crédit Agricole Regional Banks, as well as through IDIA, a Crédit Agricole Group partner that provides equity and quasi equity financing to agrifood companies and agribusinesses.

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