Canaccord in talks to sell UK wealth business to Centerbridge-Mubadala consortium

Canaccord Genuity is reportedly in talks to sell its UK wealth management business to a consortium led by private equity firm Centerbridge Partners and sovereign wealth fund Mubadala, in a deal that could value the unit at about £1 billion ($1.3 billion). The talks follow the expiration of an exclusivity period with Warburg Pincus and Clayton, Dubilier & Rice.

Detected & updated continuously · Source: Nebula