Barclays PLC (LSE:BARC) and NatWest Group plc (LSE:NWG) are preparing to submit rival bids for local wealth manager Evelyn Partners (Evelyn Partners Investment Management Services Limited), which is valued at around GBP 2 billion (USD 2.72 billion/EUR 2.3 billion), Sky News reported. Evelyn is owned by US private equity firm Warburg Pincus and UK's Permira following the 2020 merger of Tilney and Smith & Williamson. Advisers at Evercore are allegedly managing the sale process, with February 5, 2026 set as the deadline for bids.
A decision is expected soon after their submission, according to the report. Barclays and NatWest have declined to comment on their intentions when contacted by the media.

















