Private equity groups CD&R and Warburg Pincus are in advanced discussions to jointly acquire Canaccord Genuity’s British wealth arm, Canaccord Wealth, after becoming a leading bidder in an auction process launched last year. The business could be valued at more than £1 billion ($1.34 billion), based on information provided to Reuters in October 2025. The potential sale comes amid increased consolidation in Britain’s wealth management and financial advice markets, including NatWest Group’s £2.7 billion ($3.6 billion) purchase of Evelyn Partners earlier this year. Fenchurch has advised Canaccord Genuity on the sale, while BlackRock-owned private credit firm HPS, which has held a minority stake in Canaccord Wealth since 2021, was expected to sell its shares as part of the transaction. Canaccord Wealth provides investment management, financial planning and wealth advisory services to private clients in Britain and internationally.