The top 7 PE investors in European financial services
August 10, 2017
One of the catalysts of the financial crisis took place a decade ago yesterday. BNP Paribas announced that it had frozen $2.2 billion worth of funds, saying the US subprime mortgages in its portfolio made it impossible to value.
A month later, the UK's Northern Rock was the victim of a bank run. By September 2008, Bear Stearns had been sold to JP Morgan, the US government was forced to bail out Fannie Mae, Freddie Mac and AIG, and Lehman Brothers filed for bankruptcy.
In Europe, the impact of the subprime mortgage crisis was swiftly followed by the sovereign debt crisis, which saw many creditor-banks left empty handed and facing capital shortfalls.
Within the last few years, however, investor interest has returned to financial services, as the continent's financial institutions rebound while the EU brings in an overhauled regulatory framework. And private equity has more often than not been at the front of the queue.
Since 2015, 216 investors have backed at least one of the 435 PE deals in European financial services, according to the PitchBook Platform. Below are the seven most-active PE investors in that time period, along with their deal counts: