PE Power Players Circling Possible Eur 2 Billion Allfunds Deal


Three groups of private equity firms are preparing bids to acquire the Madrid-based Allfunds Bank, which is expected to sell for close to €2 billion, according to Reuters. Bain Capital, Advent International and Temasek make up one consortium, Permira and PSP Investments comprise another and Hellman & Friedman will pair with GIC to mount a third bid, again all per Reuters. With €260 billion in assets under administration, Allfunds is a European mutual fund platform aimed at institutional clients.

Allfunds Bank

Allfunds Bank

The deal is a rare one in the banking space this year. Globally, PE investors have completed just five investments in companies related to capital markets and financial institutions in 2017, according to the PitchBook Platform. This comes after 95 deals in 2016, a four-year low at the time. Dating back to 2007, the bulk (43%) of transactions in the sector occurred in the US, with Europe (39%) trailing close behind.

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Here are the top PE investors in the capital markets and institutions sector since the start of 2007:

1. The Carlyle Group (28)
2. General Atlantic (25)
3. Summit Partners (23)
T-4. TA Associates (19)
T-4. Stone Point Capital (19)
T-4. Oaktree Capital Management (19)
T-7. Blackstone (17)
T-7. Lovell Minnick Partners (17)
9. AlpInvest Partners (15)

PitchBook subscribers can see the full list here.

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Article by PitchBook

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