Evelyn Partners

NatWest Group has acquired Evelyn Partners, a wealth manager, from funds advised by private equity firms Permira and Warburg Pincus, in a £2.7 billion deal.

Summary of transaction details:

• Value: £2.7 billion
• Sector: Financial Services
• Advisor: Not disclosed
• Key Entities: NatWest Group, Evelyn Partners, Permira, Warburg Pincus
• Location: UK

Note: The acquisition is a key part of NatWest's strategy to expand its private banking and wealth management business, creating the UK's leading private banking and wealth management business.