Finance
Canaccord confirms strategic review of British wealth unit, says no deal assured
Published by Global Banking & Finance Review®
Posted on October 17, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 17, 2025
2 min readLast updated: January 21, 2026
Canaccord Genuity is exploring options for its UK wealth unit, meeting potential buyers like CVC and Advent, but no deal is assured.
(Reuters) -Canaccord Genuity said on Friday it is evaluating options for its British wealth management business and had met with potential counterparties.
The statement followed a Reuters report on Thursday that the Canadian financial services group had approached potential buyers for the unit, including CVC and Advent.
The company cautioned that the review does not assure a deal outcome and said it would not comment further except as required by regulation.
Shares of the Vancouver-based company were up nearly 16% in afternoon trade.
The unit's chief executive has recently held meetings with private equity firms about a possible sale that could move to a formal phase later this quarter and is expected to be advised by London-based boutique investment bank Fenchurch Advisory, the report added.
The wealth arm could fetch a valuation of more than 1 billion pounds ($1.34 billion), Reuters reported.
Canaccord Genuity's market capitalization is C$1.05 billion ($747.86 million) according to LSEG data, calculated in session.
"At times, these evaluations involve discussions with potential counterparties, however, there can be no assurance that such discussions will result in any specific outcome," the financial services group said in a statement.
"The company does not intend to make any additional comments with respect to this matter except as required under its regulatory obligations."
(Reporting by Pritam Biswas in Bengaluru; Editing by Tasim Zahid)
A strategic review is an assessment process where a company evaluates its business units or operations to determine their performance and potential for growth or restructuring.
Wealth management is a financial service that provides clients with investment management, financial planning, and other financial services tailored to grow and protect their wealth.
Market capitalisation is the total market value of a company's outstanding shares of stock, calculated by multiplying the share price by the total number of shares.
Potential buyers are individuals or entities that show interest in purchasing a business or its assets, often evaluated during mergers and acquisitions.
Investment banking is a division of banking that helps companies raise capital by underwriting or acting as an agent in issuing securities.
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