AcquisitionsJul 1, 2026, 06:12 AM
NatWest Group Completes £2.7B Evelyn Partners Acquisition
AI Summary
NatWest Group plc announced the completion of its acquisition of Evelyn Partners for £2.7 billion enterprise value on June 30, 2026. This transaction creates the UK's leading Private Banking and Wealth Management business, significantly transforming NatWest's financial planning and investment management capabilities. The combined entity would have had £127 billion in AUMA at the end of 2025, and the acquisition is expected to generate £100 million in annual cost synergies and be accretive to growth and Return on Tangible Equity in the first year.
Key Highlights
- Acquisition of Evelyn Partners completed on June 30, 2026.
- Transaction value was £2.7 billion enterprise value.
- Combined Assets Under Management and Administration (AUMA) would be £127 billion.
- Expected annual run-rate cost synergies of approximately £100 million.
- Costs to achieve synergies are approximately £150 million.
- Transaction expected to be accretive to growth and Return on Tangible Equity in first year.
- Expected to reduce CET1 ratio by approximately 130 basis points.
- CET1 capital deduction of approximately £2.7 billion.
Price Impact
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