AnaCap makes first investment from debut fund

AnaCap Financial Partners, a financial services-focused private equity firm, has invested an undisclosed amount in the leveraged buyout of Syscap Group.

AnaCap Financial Partners, a pan-European private equity firm focusing on the financial services sector, has bought Syscap Group, a UK finance and leasing provider for the information and communications technology sector.

No financial details were disclosed for the transaction, AnaCap Financial Partners’ first from its debut private equity fund, which closed on €300 million ($378 million)in April.

Founded in 1990, Syscap structures and arranges finance leases for information and communications technology hardware and software products. 

Based in Wimbledon, London and with a regional office near Manchester, Syscap employs approximately 120 people and has annual sales of over £135 million.

AnaCap Financial Partners was founded by Joe Giannamore, a former Goldman Sachs and Salomon Brothers banker who established On:line Finance in 1996. The firm has been on a recruitment drive this year, hiring two directors and two associates earlier this month.