NBNK Investments Plc, the investment company backed by U.S. billionaire Wilbur Ross and once led by former Lloyd’s of London Chairman Peter Levene, will close after a six-year failure to acquire European banking assets.

NBNK, created to buy banking assets, will look at the best ways to return unused funds to shareholders and wind up the company, it said in a statement on Monday. WL Ross & Co. owns 29.9 percent of NBNK, according to data compiled by Bloomberg.

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