European Private Equity Revival Could Lift These 3 Financial Services Stocks

European private equity has just had a confidence check, with Cinven returning liquidity to investors, tightening its governance and leaning into new fundraising. That ripple runs through listed financial and professional services stocks that help make these deals happen. If you care about where capital flows next, this is a moment to pay attention. This article walks through 3 stocks that appear closely linked to these shifting private equity currents.

The three stocks below are just a starting sample. The full screen surfaced 18 more European financial and professional services companies with equally compelling private equity related narratives that are not covered here. To go straight to the full list and identify your own highest conviction opportunities, analyze the European Financial and Professional Services Supporting Private-Equity Transactions screener.

Allfunds Group (ENXTAM:ALLFG)

Overview: Allfunds Group runs a B2B WealthTech platform that connects fund houses with banks, wealth managers, insurers and other distributors, handling fund dealing, custody and cross border distribution, including for private equity and other alternative products. Its toolkit spans professional workstations, portfolio systems, ESG and regulatory reporting, ManCo and white label fund services, plus blockchain based solutions that help institutions launch, administer and distribute funds more efficiently.

Market Cap: €5.4 billion

Investors looking at private equity flows may focus on Allfunds Group because it sits at the intersection of fund launches, cross border distribution and wealth managers’ search for alternative products. The platform serves hundreds of asset managers and distributors, and recent earnings show higher net income and EPS in the first half of 2026, which illustrates that the model can scale. At the same time, a very high P/E and reliance on external funding keep the bar high for future execution, especially after a large one off loss in recent years. For investors tracking private markets fundraising trends, the combination of growth potential and valuation risk here can merit further analysis.

Allfunds Group appears to be a powerful PE plumbing play, with earnings now scaling on a rich P/E. Get the full picture with the 3 key rewards and 1 important warning sign

Impax Asset Management Group (AIM:IPX)

Overview: Impax Asset Management Group is a London based investment manager that runs funds and mandates focused on environmental themes such as renewable energy, water and waste. It can be used by institutions as part of broader multi asset portfolios that also include private equity and other alternatives. Its role in channeling capital into sustainable projects gives investors indirect exposure to alternative asset flows while staying within a listed, regulated asset management structure.

Market Cap: £138 million

Impax Asset Management Group is worth a closer look for investors interested in how sustainable investing and private markets intersect. The company is expanding its product range, including private market renewable energy funds and fixed income acquisitions. These initiatives could help broaden its client base and fee pool if investor demand holds up. At the same time, flat assets under management in recent years, a heavy revenue dependence on BNP Paribas Asset Management and a high dividend that is not well covered by earnings all raise questions about how resilient cash flows are. For investors who can balance that tension between growth plans and funding and earnings risks, there is more to consider beneath the headline valuation and sustainability label.

Impax Asset Management Group sits at a crossroads, where flat assets, sustainability branding and new private market funds could be masking a bigger turning point. Get the full story in the analysis report for Impax Asset Management Group

Knights Group Holdings (AIM:KGH)

Overview: Knights Group Holdings is a UK based legal and professional services company that advises banks, debt funds, direct lenders, borrowers and other businesses on mergers and acquisitions, disposals, investments and ongoing governance, as well as disputes, employment, real estate and private client work. That breadth means it can support private equity backed deals through UK mid market transactions, documentation and compliance, while still drawing on a wider mix of everyday corporate and commercial mandates.

Operations: Knights Group Holdings generates all of its approximately £208 million in revenue from legal and professional services in the United Kingdom.

Market Cap: £142 million

Knights Group Holdings is interesting if you want exposure to the legal work that sits around private equity deals, without buying a PE manager itself. Revenue of about £208 million comes entirely from UK legal and professional services, which gives the firm a clear focus as dealmakers look for support on M&A, exits and governance in a market where Cinven and others are refocusing on discipline and compliance. Management is pushing into more premium work and using acquisitions to scale, which could improve margins over time, but there are trade offs to weigh, including higher debt, a dividend that leans on earnings and a recent one off loss that still needs to be fully digested.

Knights Group Holdings is trying to move upmarket while carrying more debt and a recent loss, so the real question is what that mix means for future deals, margins and the 2 key rewards and 4 important warning signs

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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