Barclays considers bid for UK wealth manager Evelyn Partners – report

British lender Barclays is considering an acquisition of the wealthiness absorption steadfast Evelyn Partners successful the UK, reported Reuters, citing 3 sources.

The slope is considering a bid placement adjacent week.

Permira and Warburg Pincus, the backstage equity shareholders of Evelyn, person asked for submission of non-binding offers by prospective buyers connected 10 December 2025.

They started the merchantability process for Evelyn earlier this year, with the concern perchance valued astatine implicit £2.5bn ($3.33bn), the quality bureau reported successful July.

Other fiscal institutions, including NatWest Group, Lloyds, and Royal Bank of Canada, person besides shown involvement successful acquiring Evelyn.

There is nary certainty that immoderate transaction volition hap oregon that Barclays and the different funny parties volition proceed with ceremonial offers, the study said.

If successful, the acquisition would let Barclays to grow its beingness successful the mass-affluent segment, an country beneath the wealthiest backstage clients.

In its Q3 2025 results, Barclays’ backstage slope and wealthiness absorption part accrued assets nether absorption by astir 4% from the anterior quarter.

Barclays backstage slope and wealthiness absorption CEO Sasha Wiggins said successful December 2024: “For Barclays, 1 of the biggest longer-term opportunities lies successful the affluent segment.”

Permira has been operating Evelyn, formerly known arsenic Tilney Smith & Williamson, since 2014, supporting its enlargement to negociate £63bn successful lawsuit assets.

In 2020, Warburg Pincus became a number shareholder to assistance concern a merger betwixt Tilney and Smith & Williamson.

The remaining shares of Evelyn are held by existent and erstwhile employees.

In October this year, Barclays announced the enlargement of its operations successful Saudi Arabia, arsenic portion of its efforts to fortify its beingness successful the Middle East.

The slope has obtained a provisional licence from the country’s Capital Market Authority (CMA) to initiate concern banking and planetary markets activities.

"Barclays considers bid for UK wealthiness manager Evelyn Partners – study " was primitively created and published by Private Banker International, a GlobalData owned brand.

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