European private equity company AnaCap Financial Partners has agreed to buy consumer debt financing group Cabot Financial from American bank Citi , the companies said in a statement The price of the acquisition was not disclosed, but AnaCap said the deal would create a leading British debt management firm with combined assets under management of more than 6 billion pounds ($983 billion) "The UK's debt management sector is very fragmented and we believe that creating a large scale provider will facilitate a superior level of service for both corporate customers and consumers," AnaCap managing director Fabrizio Cesario said in a statement ($1=6103 Pound) (UK equities)
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