BlueStep Bank AB
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BlueStep Bank AB - overview
Established
2005
Location
Stockholm, -, Sweden
Primary Industry
Financial Services
About
Based in Sweden, BlueStep Bank AB is a specialized financial institution focusing on providing innovative mortgage solutions aimed at enhancing accessibility for various customer segments in the Nordic market. Founded in 2005, BlueStep Bank AB operates from its headquarters in Stockholm, Sweden, offering tailored mortgage products designed for underrepresented clients in the financial sector. The company underwent a significant change in ownership in July 2017 when EQT acquired it from EMK Capital. The firm has completed 2 deals since its inception, with the most recent transaction occurring in July 2017.
BlueStep Bank AB delivers a diverse range of mortgage products specifically targeting individuals and families who face challenges in obtaining loans from traditional banks. Their offerings include flexible mortgage solutions designed to meet the needs of different demographics, particularly in Sweden, Norway, and Finland. The bank's brand portfolio includes BlueStep Bank and 60plusbanken, focusing on retirees as well as younger homebuyers seeking accessible mortgage options. By providing personalized services, the bank aims to assist clients in achieving their housing goals while ensuring financial stability.
In the most recent fiscal year, 2023, BlueStep Bank AB generated revenue amounting to USD 90. 43 mn and reported an EBITDA of USD 35. 25 mn. The company's revenue primarily stems from its mortgage lending activities, engaging clients in home purchases, refinances, or home equity loans, with a focus on transparency and customer relations.
BlueStep Bank AB plans to expand its portfolio by developing new mortgage products tailored to the evolving needs of its clients, though specific launch dates have not been disclosed. The company is also considering expansion into additional Nordic markets to capture a broader customer base. The investment from EQT, which was finalized in July 2017, is earmarked to support these growth strategies and further enhance the company's operational capabilities.
Current Investors
EMK Capital
Primary Industry
Financial Services
Sub Industries
Mortgage Banking, Retail Banks
Website
www.bluestepbank.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
BlueStep Bank AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Bank2 ASA | - | ||||||||
| Secondary Buyout | Completed | BlueStep Bank AB | - | ||||||||
| Buyout | Completed | BlueStep Bank AB | - |
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