PARIS, Dec 12 (Reuters) - Private equity firm AnaCapFinancial Partners said on Monday it had signed an agreementwith Barclays to acquire its French retail bankingbusiness after the bank completed consultations with employees.
AnaCap Financial Partners said it aims to build a leadingindependent wealth manager in France, relaunch mortgage lending,improve digital and IT systems in the banking unit.
"The retail banking and wealth business operations arefocused on the affluent segment, and face a large and rapidlygrowing addressable market ... with an expected CAGR (revenuegrowth) of 4 percent through to 2020", AnaCap said.
The deal, for which no price was disclosed by AnaCap, issubject to regulatory approval. (Reporting by Maya Nikolaeva; Editing by Sudip Kar-Gupta)