Wealth Management

Evelyn Partners sells accounting arm to Apax for £700m

Months-long bidding war for Evelyn Partners’ professional services business draws to a close

Private equity firms have been circling a prized City asset
Private equity firms have been circling a prized City asset Photo: Dan Kitwood/Getty Images

Evelyn Partners has sold its professional services business to private equity giant Apax for £700m, according to people familiar with the matter.

The deal sees Evelyn Partners become a pure-play UK wealth manager.

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