CD&R and Warburg Pincus are discussing a possible acquisition of Canaccord Wealth, the UK wealth business of Canaccord Genuity, reported Reuters citing sources.
The two private equity firms are said to be in advanced talks on a joint bid, after becoming one of the frontrunners in a sale process that began last year, the sources said.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
According to sources cited by Reuters in October 2025, the business could be worth more than £1bn ($1.34bn).
Representatives for CD&R and Warburg Pincus declined to comment.
Canaccord Genuity and Canaccord Wealth did not immediately reply to requests for comment.
An independent investment bank Fenchurch has been advising Canaccord Genuity on the disposal, sources had earlier told the news agency.
The earlier report said BlackRock-owned private credit group HPS, which has owned a minority holding in Canaccord Wealth since 2021, was expected to sell its stake as part of any transaction.
Canaccord Wealth offers investment management, financial planning and wealth advisory services to private clients in the UK and overseas.
The UK wealth management and financial advice sector has seen a series of transactions in recent years as companies pursue larger scale and seek to benefit from increasing demand for wealth services.
NatWest Group earlier this year agreed a £2.7bn ($3.6bn) deal for Evelyn Partners.
Earlier this year, Nuveen reached an agreement to take Schroders private for about £9.9bn ($13.5bn), covering the entire issued and to-be-issued share capital of the British asset management company.
In 2023, Rathbones Group and Investec had agreed to an all-share combination.
