British private equity firm BC Partners is considering a sale or initial public offering (IPO) for Shawbrook Group, a UK-based specialist savings and lending bank.

As part of the plan, US investment banks Bank of America and Morgan Stanley have been tapped to advise on the potential process, reported Bloomberg Markets citing people familiar with the matter.

A consortium jointly led by BC Partners and Pollen Street Capital acquired Shawbrook Group in 2017, in a public to private transaction worth £861m.

Shawbrook operates across property finance, business finance, consumer lending and savings.

An IPO of Shawbrook, if materialised, could be the first major listing of a UK bank in London since Metro Bank’s flotation in 2016.       

According to the people, the concerned parties are continuing deliberations on the matter, with no firm decision reached as of now.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

None of the companies involved commented on the issue.

BC Partners is focused on private equity, credit, and real estate. It has networks across Europe and North America.

Established in 2011, Shawbrook serves UK SMEs and consumers with customised products.

Last year, Shawbrook Bank announced the purchase of specialist lender The Mortgage Lender (TML) to expand its core residential as well as buy-to-let product capabilities.

The deal, whose financial terms were not disclosed, follows Shawbrook’s minority stake purchase in the firm in 2018.