LONDON (Reuters) – Private equity firm Anacap Financial Partners is expected to announce on Monday that it has raised 575 million euros ($804.6 million) to acquire financial services businesses in Europe, the Financial Times reported.
The new fund came from a string of big investors including Goldman Sachs (GS.N), Allianz ALVG.DE) and Morgan Stanley Alternative Investment Partners <MS.N, the newspaper said.
It said private equity is seeking bargains as banks and other groups are forced to sell assets to repair balance sheets damaged by the financial crisis.
Nobody at Anacap could immediately be reached for comment. (Reporting by James Davey; editing by Carol Bishopric)