Group 1 - NatWest has agreed to acquire wealth management company Evelyn Partners for £2.7 billion, marking the largest private equity-backed exit in UK history [1] - The acquisition aims to expand NatWest's coverage of high-net-worth clients and accelerate the simplification of its business under CEO Paul Thwaite [1][2] - Post-acquisition, the combined entity will manage £127 billion in assets, with total client assets and liabilities reaching £188 billion [1] Group 2 - The deal is expected to enhance revenue diversification and strengthen returns in high-growth areas, contributing positively to long-term value creation [2] - NatWest plans to finance the acquisition using existing resources, which will reduce its Common Equity Tier 1 (CET1) capital ratio by approximately 130 basis points [2] - The transaction is valued at 9.7 times Evelyn's projected EBITDA of £179 million for the fiscal year 2025, with anticipated annual cost synergies of around £10 million [3]
NatWest(NWG.US)豪掷27亿英镑收购Evelyn!剑指高净值客户与财富管理