{"id":79705,"date":"2026-10-21T14:02:28","date_gmt":"2026-10-21T14:02:28","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/10\/21\/centerbridge-mubadala-in-talks-to-buy-canaccords-u-k-wealth-unit\/"},"modified":"2026-10-21T14:02:28","modified_gmt":"2026-10-21T14:02:28","slug":"centerbridge-mubadala-in-talks-to-buy-canaccords-u-k-wealth-unit","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/10\/21\/centerbridge-mubadala-in-talks-to-buy-canaccords-u-k-wealth-unit\/","title":{"rendered":"Centerbridge, Mubadala in talks to buy Canaccord\u2019s U.K. wealth unit"},"content":{"rendered":"<p> \n<br \/><iframe loading=\"lazy\" title=\"Emera, ATCO create $72B power behemoth\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/uUXPRXnu5Zo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p> Canaccord Genuity Group Inc. is in talks to sell its United Kingdom wealth management business to a consortium led by private equity firm Centerbridge Partners , according to people with knowledge of the matter. <\/p>\n<p> The Canadian financial services firm is discussing a sale to the investor group that also includes Middle Eastern sovereign wealth fund Mubadala Investment Co. after a period of exclusive talks with buyout firms Warburg Pincus and Clayton Dubilier &amp; Rice lapsed, the people said. <\/p>\n<p> Any deal could value the Canaccord Wealth U.K. unit at around \u00a31 billion (US$1.3 billion), according to the people. A deal could be announced in the coming weeks, they said. <\/p>\n<p> Canaccord Genuity\u2019s shares jumped as much as 6.5 per cent to $14.18 in Toronto on Tuesday giving it a market value of $1.5 billion. It traded at $13.55 at 12:21 p.m. <\/p>\n<p> Negotiations with Centerbridge and Mubadala are ongoing and they could still be delayed or falter, the people said, asking not to be identified discussing confidential information. <\/p>\n<p> Representatives for Centerbridge, Mubadala, Warburg Pincus and CD&amp;R declined to comment. A spokesperson for Canaccord didn\u2019t immediately respond to requests for comment. <\/p>\n<p> Canaccord Wealth U.K. focuses on mass-affluent and high-net-worth clients , a corner of the market that\u2019s experiencing consolidation. Earlier this year, NatWest Group PLC bought Permira and Warburg Pincus-backed wealth manager Evelyn Partners for \u00a32.7 billion. <\/p>\n<p> Centerbridge is among the more active buyout firms investing in financial institutions in Europe. In April, it led an investment in Banco Santander SA-backed U.K. payments group Ebury. And Bloomberg News reported in August that the firm is exploring a sale of a German digital consumer finance bank Auxmoney GmbH. <\/p>\n<p> <em>\u2014With assistance from Paula Sambo and Alex Dooler.<\/em> <\/p>\n<p> Bloomberg.com <\/p>\n<p><iframe loading=\"lazy\" title=\"How Canada can fix its productivity problem\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/ZhNhBbrErss?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><br \/>\n<br \/>\n<br \/>Centerbridge, Mubadala in talks to buy Canaccord\u2019s U.K. wealth unit<\/a><br \/>\n<br \/>2026-10-21 14:02:28<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canaccord Genuity Group Inc. is in talks to sell its United Kingdom wealth management business to a consortium led by private equity firm Centerbridge Partners , according to people with&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-79705","post","type-post","status-publish","format-standard","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/79705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=79705"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/79705\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=79705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=79705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=79705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}