Two years after its acquisition by Cerberus fund, CCF bank is back on the market. Investment bankers are already contacting potential buyers to gauge interest in the institution targeting wealthy clients. The sales process has not yet been officially launched.
According to Le Figaro, investment bankers have begun informal discussions with potential buyers for CCF bank, formerly HSBC France. Acquired in 2024 by My Money Group, a subsidiary of the US fund Cerberus, the bank focuses on high-net-worth clients.
Observers are not surprised, as investment funds like Cerberus typically hold assets briefly to secure capital gains. A banker quoted by Le Figaro states: “Cerberus knows it will realize a capital gain.” For comparison, British fund AnaCap sold Milleis Banque, ex-Barclays France subsidiary, to LCL in 2025, eight years after its purchase.
The official launch of the sale process is expected to follow these initial contacts. Cerberus, through MMG, has not commented on these developments.
