German Diversified Financials Potentially Undervalued Companies

Alaris Equity Partners Income Trust

Market Cap: €788.8m

A private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments.

Pepper Money

Market Cap: €597.2m

Operates as a non-bank lender in the mortgage and asset finance markets in Australia and New Zealand.

Regional Management

Market Cap: €292.3m

A diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States.

Polar Capital Holdings

Market Cap: €351.4m

Polar Capital Holdings plc is a publicly owned investment manager.

Mutares SE KGaA

Market Cap: €666.1m

A private equity firm specializing in investments in secondary direct, special situations, bridge financing, recapitalization, distressed/vulture, management succession, reorganization, carve-outs, turnarounds, spin-offs and re-funding.

Corebridge Financial

Market Cap: €14.8b

Provides retirement solutions and insurance products in the United States.

Goldman Sachs Group

Market Cap: €160.5b

A financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals in the Americas, Europe, the Middle East, Africa, and Asia.

FirstRand

Market Cap: €372.4b

Provides transactional, lending, investment, and insurance products and services in South Africa, rest of Africa, the United Kingdom, and internationally.

Evercore

Market Cap: €6.8b

Operates as an independent investment banking firm in the Americas, Europe, Middle East, Africa, and Asia-Pacific.

Vanquis Banking Group

Market Cap: €141.3m

Engages in the provision of personal credit products to the non-standard lending market in the United Kingdom and the Republic of Ireland.

Mr. Cooper Group

Market Cap: €7.0b

Operates as a non-bank servicer of residential mortgage loans in the United States.

Goldman Sachs Group

Market Cap: €160.5b

A financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals in the Americas, Europe, the Middle East, Africa, and Asia.

State Street

Market Cap: €22.9b

Through its subsidiaries, provides a range of financial products and services to institutional investors worldwide.

Foresight Group Holdings

Market Cap: €371.6m

Operates as an infrastructure and private equity manager in the United Kingdom, Italy, Luxembourg, Ireland, Spain, and Australia.

NewtekOne

Market Cap: €264.0m

Operates as the bank holding company for Newtek Bank, National Association that provides various business and financial solutions under the Newtek and NewtekOne brands to the small- and medium-sized business market.

MPC Münchmeyer Petersen Capital

Market Cap: €165.0m

A publicly owned investment manager.

ORIX

Market Cap: €3.0t

Provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East.

Two Harbors Investment

Market Cap: €1.1b

Invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States.

Mutares SE KGaA

Market Cap: €666.1m

A private equity firm specializing in investments in secondary direct, special situations, bridge financing, recapitalization, distressed/vulture, management succession, reorganization, carve-outs, turnarounds, spin-offs and re-funding.

goeasy

Market Cap: €2.4b

Provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada.

SBI Holdings

Market Cap: €1.0t

Engages in the online securities and investment businesses in Japn and Saudi Arabia.

Noah Holdings

Market Cap: €543.8m

Operates as a wealth and asset management service provider with the focus on investment and asset allocation services for high net worth individuals and enterprises in Mainland of China, Hong Kong, and internationally.

State Street

Market Cap: €22.9b

Through its subsidiaries, provides a range of financial products and services to institutional investors worldwide.

Petershill Partners

Market Cap: €2.2b

Petershill Partners plc, formerly known as Delta Epsilon plc, is a private equity firm operating as general partner solutions firm.

Intermediate Capital Group

Market Cap: €4.8b

A private equity firm specializing in direct and fund of fund investments.

Credit Saison

Market Cap: €464.2b

Provides leasing, finance, real estate, entertainment, global, and payment services in Japan and internationally.

GQG Partners

Market Cap: €6.0b

Operates as a boutique asset management company worldwide.

NMI Holdings

Market Cap: €2.7b

Provides private mortgage guaranty insurance services in the United States.

MPC Münchmeyer Petersen Capital

Market Cap: €165.0m

A publicly owned investment manager.

Exor

Market Cap: €16.3b

Engages in the automotive, agriculture and construction, sports car, commercial vehicle, and powertrain businesses worldwide.

Kaspi.kz

Market Cap: €16.0b

Provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine.

Merchants Bancorp

Market Cap: €1.4b

Operates as the diversified bank holding company in the United States.

FRP Advisory Group

Market Cap: €306.1m

Provides business advisory services to companies, lenders, investors, individuals, and other stakeholders.

Exor

Market Cap: €16.3b

Engages in the automotive, agriculture and construction, sports car, commercial vehicle, and powertrain businesses worldwide.

Azimut Holding

Market Cap: €3.0b

Engages in the asset management business.

Wendel

Market Cap: €3.4b

A private equity firm specializing in equity financing in middle markets and later stages through leveraged buy-out and transactions and acquisitions.