Key facts
- Equiom is a wealth advisory firm.
- The firm is reportedly preparing for a potential sale.
- The potential sale is valued at £240 million.
- Equiom is in its second round of bidding.
- Both trade buyers and private equity firms are interested in acquiring Equiom.
Wealth advisory firm Equiom is reportedly preparing for a potential sale, with its valuation estimated at £240 million. The company has entered its second round of bidding, indicating a competitive process for its acquisition. Both trade buyers, which are typically companies operating within the same industry, and private equity firms are showing significant interest in acquiring Equiom. This potential sale represents a notable transaction in the wealth advisory market, highlighting the ongoing consolidation and investment activity within the financial services sector. The interest from diverse types of buyers suggests a strong market perception of Equiom's value and future prospects. Further details regarding the specific bidders and the timeline for the sale are not yet public, but the progression to a second bidding round suggests the process is moving forward.