Barclays PLC (LSE:BARC) is considering an acquisition of the wealth management firm Evelyn Partners (Evelyn Partners Investment Management Services Limited) in the UK, reported Reuters, citing three sources. The bank is considering a bid placement next week. Permira and Warburg Pincus, the private equity shareholders of Evelyn, have asked for submission of non-binding offers by prospective buyers on 10 December 2025.
They started the sale process for Evelyn earlier this year, with the business potentially valued at over £2.5 billion, the news agency reported in July. Other financial institutions, including NatWest Group, Lloyds, and Royal Bank of Canada, have also shown interest in acquiring Evelyn. There is no certainty that any transaction will occur or that Barclays and the other interested parties will proceed with formal offers, the report said.
If successful, the acquisition would allow Barclays to expand its presence in the mass-affluent segment, an area below the wealthiest private clients.
