AnaCap Financial Partners (AnaCap), a mid-market private equity investor, has sold Equa bank (Equa) to Raiffeisen Bank International (RBI) through its Czech subsidiary Raiffeisenbank as.
AnaCap Financial Partners (AnaCap), a mid-market private equity investor, has sold Equa bank (Equa) to Raiffeisen Bank International (RBI) through its Czech subsidiary Raiffeisenbank as.
Equa total balance sheet grew by 15 per cent year-on-year to more than EUR2.8 billion, while customer deposits increased by 16 per cent to around EUR2.5 billion.
Tassilo N. Arnhold, Partner at AnaCap, says: “We are delighted with the growth that Equa has enjoyed under AnaCap’s ownership and we now pass it on to RBI for its next stage of development. (…) We thank the team for their efforts and wish them continued success for the next chapter of their journey working with RBI.”
Petr Rehak, Chief Executive Officer at Equa, says: “We are very pleased with Equa’s growth story and development as a market-leading, challenger bank during its tenure with AnaCap. We are particularly happy with the sustained implementation of innovative technology as a main growth driver that has enabled our client base to both modernise and enjoy a more efficient end-user experience. We are delighted that Equa has attracted interest from a company with such a track record as RBI and look forward to Equa’s next chapter of growth with them.”
Read More at: Private Equity Wire
