Evelyn Partners, a leading UK wealth manager, is preparing for a sale valued over £2 billion, moving away from previous plans to list on the London Stock Exchange. Founded in 1836, the company manages £63 billion in assets and serves over 150,000 clients. The owners, Permira and Warburg Pincus, appointed Evercore for a potential auction, with sales likely by early 2026. The company has recently focused exclusively on wealth management after divesting non-core divisions, positioning itself for acquisition by firms like NatWest and the Royal Bank of Canada.
Evelyn Partners is preparing for a sale that could value the business at over £2 billion, shifting from earlier plans for a public listing.
Founded in 1836, Evelyn Partners has become one of Britain's top five wealth managers, managing £63 billion in assets and serving over 150,000 affluent families.
Potential buyers include NatWest, which seeks to expand its wealth operations, and the Royal Bank of Canada, enhancing their high-net-worth divisions.
Evelyn Partners has reshaped its focus on wealth management following the divestment of its Smith & Williamson arm and fund administration division.
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