Evelyn Partners private equity owner Permira mulls sale of majority stake - reports

Outright sale or break-up considered

Permira, the private equity owner of Evelyn Partners, is sounding out advisers to explore a sale of its £1.5bn majority stake in the wealth manager.

According to a The Sunday Times report over the weekend, the London-headquartered firm is exploring options that would include an outright sale, or splitting up the business to attract buyers interested in its accountancy unit.  Permira acquired a stake in what eventually became Evelyn Partners in 2014 by purchasing the online investment platform Bestinvest and merging it with competitor Tilney. Evelyn Partners' Park: Higher UK valuations could further weaken wealth manager home bias Warburg Pincus joined as an investor in 2020, supplying capital for the merger between Tilney and t...