Anacap
Placement Agent

Anacap

AnaCap Financial Partners is a specialist private equity firm focused on the European lower mid-market, with a particular emphasis on Software, Technology, and Services companies operating within the European financial ecosystem.

Private Equity Infrastructure Technology Financial Services Placement Agent United Kingdom
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Team & Expertise

AnaCap's investment team consists of 15 experienced professionals who work across Europe, with more than 10 European languages spoken among them.

The team focuses on deal execution and value creation across the full investment lifecycle, from initial sourcing through exit.

The firm is fully committed to creating a diverse and inclusive workplace, with policies in place to ensure fairness and transparency in all areas of recruitment, retention, and promotion.

Key team members include:

Samuel Austin, Financial Controller: Joined AnaCap in 2019 as FP&A Associate, now focuses on statutory reporting of corporate entities and FP&A across the group.

Previously worked as a financial accountant for GAM and an associate in Finance for Deutsche Bank.

Member of ICAEW (ACA) with a Bachelor's degree in Mathematics with Statistical modelling from Imperial College London.

Max Berg, Investor Relations Manager: Joined AnaCap in 2021, previously worked at Mizuho Bank as an analyst in the Leverage Finance department.

ACCA qualified with a Bachelor's degree in International Business, Finance and Economics from Manchester University.

Jawad Bhatti, Operating Partner: Brings focused expertise in delivering transformational value through go-to-market strategy and commercial excellence, leveraging deep experience in FinTech, Payments, and SaaS.

Beyond the core investment team, AnaCap maintains a strong bench of experts and highly experienced professionals who support portfolio companies in key strategic and functional initiatives, providing specialized knowledge across technology, operations, commercial strategy, and other critical functions.

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Recent Transactions & Announcements

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Overview

AnaCap Financial Partners is a specialist private equity firm focused on the European lower mid-market, with a particular emphasis on Software, Technology, and Services companies operating within the European financial ecosystem.

As one of the leading placement agents and private equity investors in the region, AnaCap has established itself as a market-leading partner for founders and entrepreneurial management teams seeking to accelerate growth trajectories and institutionalize their businesses.

The firm takes a dynamic and entrepreneurial approach to investing that mirrors its own culture and experiences.

AnaCap operates as a true partner, often serving as the first institutional investor where they see significant value creation potential.

Their investment philosophy centers on supporting founders and managers with a complementary suite of solutions and extensive specialist expertise, helping to build highly specialized, leading, and innovative businesses across diverse and complex economic cycles.

Since inception, AnaCap has raised over €2 billion of capital and successfully deployed into a strongly performing strategy with 80+ deals across Western and Northern Europe.

Their investment sweet spot includes equity tickets ranging from €25-100 million, with activities spanning more than 10 European jurisdictions.

The firm's investment team consists of 15 professionals focusing on deal execution and value creation across the full investment lifecycle, with more than 10 European languages spoken among them.

AnaCap's commitment extends beyond financial returns to responsible investing, embedding Environmental, Social, and Governance (ESG) principles throughout the investment process—from pre-investment due diligence through the life of the investment to exit.

This integrated approach is designed to deliver both financial and non-financial value to portfolio companies, their customers, and staff, positioning these companies to thrive in competitive and rapidly changing markets.

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Portfolio Companies

AnaCap's portfolio spans diverse sectors within the European financial ecosystem, demonstrating the firm's expertise across Software, Technology, and Services.

Current and recent portfolio companies include:

Current Investments:

  • The Quanta Group (formerly Wealthtime): WealthTech platform in the UK, acquired 2020 (Fund III)
  • Milleis: Wealth Management platform in France, acquired 2017 (Fund III)
  • Market Pay: Payments platform in France, acquired 2021 (Fund III)
  • WebID: RegTech software in Germany, acquired 2021 (Fund III)
  • Fintus: Software platform in Germany, acquired 2021 (Bridge Fund)
  • Further: Insurance Broking platform in Spain, acquired 2022 (Bridge Fund)
  • Orbyt: Software platform in Norway, acquired 2022 (Bridge Fund)
  • PFS: Software platform in Spain, acquired 2022 (Bridge Fund)
  • Yard Reaas: Services platform in Italy, acquired 2024 (Bridge Fund)
  • Cleva: Software platform in France, acquired 2024 (Bridge Fund)
  • DK Accountants & Adviseurs: Accountancy Services in Netherlands, acquired 2025 (Fund IV)
  • FJMF: Corporate and fund services provider in Luxembourg (2025)
  • Edge Group: Insurance broking platform in Italy (2025)

    Notable Exits:

  • MRH Trowe: Insurance Broking in Germany, acquired 2020, exited 2023 (Fund III)
  • GTT: Software in Spain, acquired 2020, exited 2023 (Fund III)
  • Oona Health: Insurance in Denmark, acquired 2019, exited 2023 (Fund III)
  • Heidelpay: Payments in Germany, acquired 2017, exited 2020 (Fund III)
  • Brightside: Insurance Broking in UK, acquired 2014, exited 2021 (Fund II)
  • AssurOne Group: Insurance Broking in France, acquired 2014, exited 2019 (Fund II)
  • Simply Business: Insurance Broking in UK, acquired 2013, exited 2016 (Fund II)

    The firm works in partnership with dynamic founders, entrepreneurs, and managers to help build highly specialized, leading, and innovative businesses, as evidenced by the testimonial from Kent Jenson, CEO of Oona Health, who noted that "AnaCap continues to elevate Oona Health through providing sector specialist knowledge, strong operational experience and a deep understanding of the business."

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Track Record & Key Metrics

AnaCap has established an impressive track record since inception, demonstrating consistent execution across the European lower mid-market:

- €2bn+ Capital Raised: Successfully raised and deployed over €2 billion across multiple fund generations (Fund I through Fund IV, plus a Bridge Fund)

  • 80+ Primary and Bolt-On Investments: Completed more than 80 transactions combining platform investments and strategic add-on acquisitions
  • €25-100m Equity Ticket: Targets equity investments in this range, positioning the firm squarely in the lower mid-market segment
  • 10+ European Jurisdictions: Active investment presence across Western and Northern Europe, including the UK, Germany, France, Spain, Italy, Netherlands, Luxembourg, Denmark, Norway, and Poland
  • 15 Investment Professionals: Dedicated team focused on deal execution and value creation throughout the investment lifecycle

    The firm's portfolio spans all three core sectors—Software, Technology, and Services—with notable investments across insurance broking, wealth management, payments, RegTech, WealthTech, accountancy services, and specialized software platforms.

    AnaCap's value creation approach has helped portfolio companies achieve significant growth and market leadership positions within their respective niches.

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ESG & Responsible Investing

AnaCap has made a strong commitment to responsible investing by embedding Environmental, Social, and Governance (ESG) principles throughout the investment process.

The firm integrates ESG risks and opportunities from pre-investment due diligence through the life of the investment to exit, ensuring that these considerations are woven into their value creation model.

This approach is designed to deliver both financial and non-financial value to portfolio companies, their customers, and staff, positioning these companies to thrive in competitive and rapidly changing markets.

AnaCap's ESG framework focuses on:

- Environmental considerations: Assessing and managing environmental impacts and opportunities across the portfolio

  • Social responsibility: Supporting portfolio companies in employee engagement, customer value creation, and broader stakeholder relationships
  • Governance excellence: Helping founders and management teams institutionalize governance structures and best practices

    Importantly, AnaCap commits to reflecting these ESG values within their own business operations, including staff engagement, diversity, equity and inclusion.

    The firm has established policies to ensure fairness and transparency in all areas of recruitment, retention, and promotion, demonstrating their commitment to creating a diverse and inclusive workplace.

    This holistic approach to ESG reflects AnaCap's belief that strong ESG practices are fundamental to building sustainable, high-performing businesses.

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Investment Strategy

AnaCap has developed a clearly defined and replicable investment strategy focused on the European lower mid-market, specifically targeting three core sectors within the financial ecosystem:

Software: Enterprise software solutions serving financial services, including insurance software, RegTech, WealthTech, and banking platforms.

The firm seeks businesses with recurring revenue models and strong technological foundations.

Technology: Technology-enabled businesses that power the financial services sector, including payment processing platforms, digital infrastructure providers, and fintech innovators that are transforming traditional financial services delivery.

Services: Specialized professional services within the financial ecosystem, including insurance broking, wealth management, accountancy services, and corporate/fund services providers.

These businesses typically have strong client relationships and predictable revenue streams.

The firm's investment approach emphasizes operational and technological excellence, supporting portfolio companies with a comprehensive value creation model.

AnaCap often acts as the first institutional investor in the capital table where they identify significant value creation potential, partnering with founders and entrepreneurial management teams at critical inflection points in their growth journey.

Their proven track record spans diverse and complex economic cycles across Western and Northern Europe, demonstrating the resilience and adaptability of their investment thesis.

View our best private equity placement agents list to compare services, expertise, and market positioning across the industry.

Company Info

Industry
Private Equity
Updated Nov 19, 2025
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Leadership

[AnaCap's](https://www.anacap.com/our-team/) investment team consists of 15 experienced professionals who work across Europe, with more than 10 European languages spoken among them. The team focuses on deal execution and value creation across the full investment lifecycle, from initial sourcing thro...
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Recent Deals

AnaCap has demonstrated consistent deal activity in 2024-2025, executing several strategic platform investments and add-on acquisitions:...
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Resources & References

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