Evelyn Partners

Evelyn Partners, a leading UK wealth management firm currently owned by private equity firms Permira and Warburg Pincus, is reportedly being prepared for a sale that could value the business at more than £2 billion. Investment bank Evercore has been appointed to explore a potential auction, with formal sale plans expected to launch in the coming months.

Summary of transaction details:

• Value: More than £2 billion
• Sector: Financial Services & Wealth Management
• Advisor: Evercore
• Key Entities: Target: Evelyn Partners; Current Owners: Permira, Warburg Pincus; Potential Acquirers: NatWest, Royal Bank of Canada, Raymond James, Ontario Teachers’ Pension Plan
• Location: United Kingdom

Note: The potential sale marks a strategic shift for Evelyn Partners' owners, who are now pursuing a trade sale over a public listing, aiming to capitalise on strong market sentiment and the company's significant assets under management.