<div id="readability-page-1"><div>(Alliance News) - Barclays PLC and NatWest Group PLC are through to the second round of bidding for wealth management group Evelyn Partners, Sky News reported late Tuesday.Sky said the two high street banks were among the bidders notified last week that they were through to the second round of the Evelyn auction.Royal Bank of Canada also is said to be in the frame to buy Evelyn, Sky said, while a number of private equity firms also have tabled offers for the business, which could be worth GBP2.5 billion, it said.Lloyds Banking Group PLC is understood to have explored an offer for Evelyn, although it was unclear whether it remains interested, Sky said.According to its website, Evelyn Partners had GBP67.0 billion of assets under management, as at September 30.Evelyn Partners is primarily owned by two private equity firms, Permira, which holds an around 56% stake, and Warburg Pincus, which has an around 25% interest. Permira initially invested in 2014, and Warburg Pincus joined in 2020. Shares in Barclays were down 0.2% at 470.65 pence each in London on Wednesday. NatWest was down 0.3% at 647.00p while Lloyds Banking Group was down 0.3% at 97.28p. Royal Bank of Canada closed up 0.2% at CAD234.05 in Toronto on Tuesday.By Jeremy Cutler, Alliance News reporterComments and questions to newsroom@alliancenews.comCopyright 2025 Alliance News Ltd. All Rights Reserved.</div></div>

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Barclays, NatWest, and Royal Bank of Canada are in the second round of bidding to acquire Evelyn Partners, a wealth management group valued at GBP2.5 billion. Evelyn Partners, with GBP67 billion in assets, is primarily owned by private equity firms Permira and Warburg Pincus. Lloyds Banking Group has shown interest but its current status is unclear. Barclays and NatWest shares fell slightly, while RBC shares rose in Toronto.

Barclays, NatWest, RBC bid to buy wealth manager Evelyn - Sky