Barclays weighs bid for £2.5bn Evelyn Partners as major banks circle – report

Private equity owners Permira and Warburg Pincus have asked interested buyers to lodge non-binding offers by 10 December as they progress the sale process. The report suggested that Evelyn Partners could be valued at more than £2.5bn. The sale has reportedly attracted interest from NatWest and Lloyds Banking Group, while Royal Bank of Canada is also weighing a potential bid. Permira has held Evelyn Partners (formerly Tilney Smith & Williamson) since 2014, backing its growth to a group overseeing £63bn in client assets. Warburg Pincus joined as a minority shareholder in 2020 to supp...