Canaccord in talks to sell UK wealth unit to Centerbridge-led group
Canaccord Genuity is discussing a sale of its UK wealth management arm to a group led by Centerbridge, with Mubadala included. Value near £1 billion.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
Bloomberg reports that Canaccord Genuity Group is in talks to sell its UK wealth management unit to an investor group led by Centerbridge Partners. The group also includes Abu Dhabi sovereign wealth fund Mubadala Investment.
People familiar with the matter told the agency the unit could be valued at around £1 billion ($1.3 billion). Earlier exclusive talks with Clayton Dubilier & Rice lapsed, and an agreement could be announced in the coming weeks. The discussions could still be delayed or collapse.
Canaccord Genuity Group shares rose 2.7% in Tuesday morning trading in Toronto.
why it matters
The story concerns a single unit of a Canadian broker, so the market impact is limited. The deal is notable as an example of sovereign funds' interest in UK wealth management assets.
tags
instruments
sources
- Centerbridge, Mubadala in talks to buy Canaccord’s UK wealth unit — Bloomberg News, 20 October 2026 at 15:10 UTC
- Canaccord talks with Centerbridge, Mubadala for sale of UK wealth arm - report — Seeking Alpha, 20 October 2026 at 15:34 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗