Barclays Explores Acquisition of British Wealth Manager Evelyn Partners
Barclays (BCS) is exploring a potential acquisition of British wealth manager Evelyn Partners and is expected to place a bid next week, three people familiar with the matter told Reuters, reports Amy-Jo Crowley and Charlie Conchie. Evelyn's shareholders Permira and Warburg Pincus have asked prospective buyers to submit non-binding offers on December 10, two sources told Reuters. A sale could value Evelyn at more than $3.3B, the news agency reported in July. NatWest (NWG), Lloyds Banking (LYG) and Royal Bank of Canada (RY) are also weighing bids for Evelyn, sources told Reuters.
