At what enterprise value was EVELYN PARTNERS acquired in 2024?

You can find the full valuation details of EVELYN PARTNERS on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b GBP. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Financial Services industry currently tracks an average EBITDA multiple of 13.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of EVELYN PARTNERS when it was acquired by APAX PARTNERS?

The estimated EV/EBITDA multiple for EVELYN PARTNERS is in the range of 10x - 18x. For comparison, the Financial Services sector currently shows an average EBITDA multiple of 13.1x. Join our community for free to access full valuation data and industry trends.

When was EVELYN PARTNERS acquired by APAX PARTNERS?

EVELYN PARTNERS was acquired by APAX PARTNERS in 2024.

What was the EBITDA of EVELYN PARTNERS during the acquisition?

EVELYN PARTNERS's EBITDA is estimated to be in the range of 25M - 50M GBP. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the EVELYN PARTNERS acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the EVELYN PARTNERS deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.permira.com/news-and-insights/announcements/evelyn-partners-announces-sale-of-professional-services-business-to-funds-advised-by-apax

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Home Database Financial ServicesEVELYN PARTNERS

11/2024

EVELYN PARTNERS acquired by APAX PARTNERS

UNITED KINGDOM Wealth & Asset Management EV 500M - 1.5b GBP

Context

Apax Partners agreed to acquire the Professional Services business of Evelyn Partners. The transaction resulted from a competitive process where Apax outbid rival Bridgepoint. Upon completion, the business will be rebranded as S&W, returning to its historical roots. The strategic rationale for the carve-out is to allow both entities to operate as standalone businesses with dedicated management teams and specialized capital bases. Apax intends to use S&W as a primary platform to consolidate the fragmented UK accountancy mid-market through an aggressive M&A program. Evelyn Partners and S&W will maintain a strategic relationship to continue serving mutual clients.

EVELYN PARTNERS, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Financial Services sector (13.1x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Evelyn Partners is one of the UK s leading integrated wealth management and professional services groups. Formed through the merger of Tilney and Smith & Williamson in 2020, it offers financial planning, investment management, and the direct-to-consumer online platform Bestinvest. At the time of the deal, it managed £69 billion in assets.

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Other operations with EVELYN PARTNERS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
02/2026	NATWEST GROUP	EVELYN PARTNERS	UNITED KINGDOM	Wealth & Asset Management	NatWest Group has agreed to acquire Evelyn Partners from its private equity owners, Permira and Warburg Pincus. This transaction brings together Evelyn Partners' �69 billion in assets under management with NatWest's existing Private Banking and Wealth Management business

REFERENCES

Valuation range: EV 500M - 1.5b GBP

EBITDA range: 25M - 50M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EVELYN PARTNERS by APAX PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: apax partners