Credit Agricole Proposes Sale Of Private Equity Unit

Law360, New York (December 16, 2011, 2:28 PM EST) -- French bank Credit Agricole SA plans to sell its private equity business to London-based private equity investor Coller Capital for an undisclosed sum, the bank announced Friday.

A spokeswoman for Coller declined to give the proposed sale price, but Credit Agricole said the sale would reduce its risk-weighted assets by about €900 million ($1.17 billion).

Crédit Agricole Private Equity supports entrepreneurs in many kinds of leveraged and nonleveraged financing, including leveraged buyouts, owner buyouts and expansion capital, according to its website.

"Credit Agricole SA will continue...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.