Back to News
Feb 9, 2026 4:01 PM

NatWest Buys Evelyn Partners In $3.7 Billion Deal

On Monday, NatWest Group (NYSE:NWG) disclosed the acquisition of Evelyn Partners for an enterprise value of 2.7 billion pounds (around $3.7 billion).

This strategic move aims to strengthen NatWest’s position in the wealth management sector, enhancing its service offerings and market reach.

NWG stock is slumping fast. See the chart here.

The transaction is expected to create the U.K.’s leading Private Banking and Wealth Management business, enhancing NatWest Group’s savings and investment services for its 20 million customers.

Notably, Evelyn Partners oversees 69 billion pounds in Assets Under Management and Administration (AUMA) and has achieved over 7% CAGR in AUMA and generated 179 million pounds EBITDA in 2025, implying a 2025 EV/EBITDA multiple of 9.7x including target run-rate cost ...