Permira and Warburg Pincus have agreed to sell UK wealth manager Evelyn Partners to NatWest Group in a deal valued at £2.7bn, marking a major consolidation in the UK private banking and wealth management sector and a significant liquidity event for the PE firms.
The transaction, which subject to regulatory approval, is expected to close in summer 2026.
Evelyn Partners, with a heritage of over 180 years, manages £69bn in assets under management and administration (AUMA) and provides integrated we...
Continue Reading
Sign up for FREE to read the full article and access 129K+ alternative investment headlines.