CD&R and Warburg Pincus emerge as leading bidders for Canaccord Wealth
Clayton, Dubilier & Rice (CD&R) and Warburg Pincus are in advanced talks to acquire Canaccord Genuity’s UK wealth management business, according to a report by Reuters citing unnamed people familiar with the matter.
Clayton, Dubilier & Rice (CD&R) and Warburg Pincus are reportedly in advanced negotiations to purchase Canaccord Genuity's UK wealth management division, according to Reuters. The two private equity firms are jointly pursuing the acquisition, which emerged as a leading option in a sale process that commenced last year. Canaccord Wealth, responsible for investment management, financial planning, and wealth advisory services for private clients in the UK and internationally, could potentially be valued at over £1 billion, based on estimates from when the auction process was initiated in 2025.
CD&R and Warburg Pincus representatives did not immediately provide comment, while Canaccord Genuity and Canaccord Wealth did not respond to requests for information. Fenchurch, a boutique investment bank, has been advising Canaccord Genuity on the prospective sale, while BlackRock-owned private credit manager HPS Investment Partners, which has held a minority stake in Canaccord Wealth since 2021, is also anticipated to divest its interest in the transaction.
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