Key facts
- Wealth advisory firm Equiom is reportedly being prepared for a sale.
- The potential sale is valued at approximately £240 million.
- Equiom is currently in its second round of bidding.
- Both trade buyers and private equity firms are reportedly interested in acquiring Equiom.
- The firm employs 450 people across 12 locations globally.
Wealth advisory firm Equiom is reportedly on the verge of being sold for approximately £240 million, marking another significant deal in a consolidating sector. The Isle of Man-headquartered firm, which serves family offices and high-net-worth individuals, has hired Lincoln International to manage the sale process. Sources indicate that Equiom is currently in the second round of bidding, with interest from both strategic trade buyers and private equity firms.
Founded in 1968, Equiom has a history that includes operating under EY and Anglo Irish Bank before becoming an independent entity following a management buyout in 2006. The company employs 450 people across 12 global locations, including Monaco, Abu Dhabi, and Singapore.
The potential sale of Equiom aligns with a broader trend of increased dealmaking and consolidation within the wealth advisory and funds industry. Larger entities are seeking to scale operations and outsource work to smaller providers, driven by increased regulatory pressures and the need for cost efficiencies. Recent transactions in the UK market include Thesis's acquisition of Evelyn Partners' fund solution business, Evelyn Partners' own purchase by Natwest for £2.7 billion, and reports of Amber River and Cannord Wealth being put up for sale. Foreign buyers are also active, with Suntera Global acquiring Khepri Limited and SS&C Technologies agreeing to purchase Calastone for £766 million.