The rumoured sale of Evelyn Partners, with RBC Brewin Dolphin (RBC) said to be in the frame, comes as no surprise to market watchers, but commentators have warned that although the merger would boost its combined market share, various complexities remain.
Financial News reported in September that a sale process for wealth management firm Evelyn Partners was expected to begin from October. It has been since been reported that RBC is the frontrunner to acquire the business. Evercore bankers reportedly approached potential suitors with the aim of discussing a sale in October. Meetings with management had also been booked in, FN London reported, citing a source. Evercore was first appointed by Evelyn Partners' owners Permira and Warburg Pincus in 2022 to explore exit options for the business. It has now hired Evercore to manage the sale proce...
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