Equiom

Wealth advisory firm Equiom is set for a potential £240m sale, as part of a wave of dealmaking across the sector.

Summary of transaction details:

• Value: £240m
• Sector: Business Services
• Advisor: Unknown
• Key Entities: Equiom
• Location: Isle of Man, UK

Note: The potential sale of Equiom is driven by the need for larger groups to scale and outsource work to smaller providers amid increased regulation and the need to cut costs, and is part of a larger trend of consolidation in the wealth advisory and funds sector.