Who owns EVELYN PARTNERS?

EVELYN PARTNERS has been 100% owned by APAX PARTNERS since November 2024.

At what enterprise value was EVELYN PARTNERS acquired in 2024?

During the acquisition of EVELYN PARTNERS by APAX PARTNERS in 2024, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b GBP.

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.

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.

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

What is the average EV/EBITDA multiple for the Financial Services sector in 2026?

The average EV/EBITDA multiple for the Financial Services sector in 2026 is 12.4x.

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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 in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Financial Services sector (12.4x).

-> Deep-dive in Financial Services market trends

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.

Ent. Value

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EV / EBIT

Historical Financials (GBP)

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2024

2023

Other operations with EVELYN PARTNERS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
02/2026	NATWEST GROUP	EVELYN PARTNERS	UNITED KINGDOM	Wealth & Asset Management

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: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: apax partners