Deals·October 20, 2026 at 10:35 AM EDT·2 sources
Centerbridge, Mubadala in Talks to Buy Canaccord’s UK Wealth Unit
Outlets covering it2 in 18 hours
Oct 20, 2 PMOct 21, 8 AM
What happened
- Canaccord Genuity is in talks to sell its UK wealth management business to a consortium led by Centerbridge Partners.
- Mubadala is part of the consortium, according to people with knowledge of the matter.
Why it matters
The potential sale could be relevant to financial sponsors and M&A professionals tracking consolidation and private-equity activity in UK wealth management.
What to watch. Whether Canaccord Genuity, Centerbridge and Mubadala announce an agreement or disclose transaction terms.
Deal terms
acquisition
Consortium led by Centerbridge Partners and including Mubadala → Canaccord Genuity’s UK wealth management business
Value
—
Investors
Centerbridge Partners, Mubadala
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Timeline
- First reported by BloombergOct 20Centerbridge, Mubadala in Talks to Buy Canaccord’s UK Wealth Unit
- Private Equity Wire reportsOct 21Centerbridge and Mubadala near £1bn Canaccord Wealth deal
Who is involved
acquiringCenterbridge, Mubadala in Talks to Buy Canaccord’s UK Wealth …Canaccord Genuity’s UK wealth management businesstargetConsortium led by Centerbridge Partners and including Mubadalabuyer
CompanyThe deal
Sources (2)
- BloombergOct 20Centerbridge, Mubadala in Talks to Buy Canaccord’s UK Wealth Unit
- Private Equity WireOct 21Centerbridge and Mubadala near £1bn Canaccord Wealth deal
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