Home / Business and Economy / PE Giants Eye Canaccord UK Wealth Arm
PE Giants Eye Canaccord UK Wealth Arm
23 Sep
Summary
- Two private equity firms are in advanced talks for Canaccord Wealth.
- The UK business is potentially valued at over £1bn.
- Several other wealth firms have been acquired recently.
CD&R and Warburg Pincus are reportedly in advanced negotiations for a potential joint acquisition of Canaccord Wealth. This UK-based wealth business is a division of Canaccord Genuity. Sources indicate that the two private equity firms have emerged as frontrunners in a sale process initiated last year.
The valuation for Canaccord Wealth is suggested to exceed £1 billion, according to reports from October 2025. A minority stake in the company has been held by BlackRock-owned HPS since 2021, and this stake is expected to be sold as part of any transaction. Fenchurch, an independent investment bank, is advising Canaccord Genuity on the sale.
This potential deal occurs amidst a broader trend of consolidation within the UK's wealth management and financial advice sector. Companies are seeking greater scale and responding to increasing demand for wealth services. Notable recent transactions include NatWest Group's £2.7 billion acquisition of Evelyn Partners and Nuveen's agreement to purchase Schroders for approximately £9.9 billion. In 2023, Rathbones Group and Investec also agreed to an all-share combination.
