Shareholders sell £113.7m stake in Aldermore
By Alex LynnAnaCap Funds has sold approximately £113.7m worth of shares in Aldermore Group
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On 10th March, it was revealed that AnaCap Financial Partners L.P, AnaCap Financial Partners II, L.P, AnaCap Derby Co-investment (No 1) L.P and AnaCap Derby Co-investment (No 2) L.P had sold an aggregate of 51.7 million ordinary shares in Aldermore Group at 220p each.
The news saw Aldermore shares drop almost 8.1% in price from 240p on 9th March to 220.6p at post close on 13th March.
Deutsche Bank AG, London branch, and RBC Europe Limited acted as joint bookrunners in connection with the placing, while Lazard & Co. Limited was named as financial adviser to the AnaCap Funds.
Following closing of the placing, the AnaCap Funds will still be interested in approximately 25% of Aldermore Group’s issued ordinary share capital.
The sale follows news last month that AnaCap Financial Partners agreed to acquire an Italian loan portfolio worth €177m from Barclays.
Last year, AnaCap Financial Services announced plans to purchase Barclay’s French retail banking business.
Aldermore Group PLC will not receive any proceeds from the placing.
Aldermore Group has been contacted for comment.
AnaCap declined to comment on the placing.
Keywords: AnaCap has sold £113.7m worth of shares in Aldermore Group. On 10th March, AnaCap Financial Partners LP, AnaCap Financial Partners II, LP, AnaCap Derby Co-investment (No 1) LP and AnaCap Derby Co-investment (No 2) LP revealed they had placed an aggregate of 51.7 million ordinary shares in Aldermore Group at 220p each.