The report, if true, adds to a pattern of overseas buyers looking to acquire wealth management operations in the UK.

Canada’s Canaccord Genuity is reportedly discussing the option of selling its UK wealth management business to a consortium led by private equity firm Centerbridge Partners.

Bloomberg, citing unnamed sources, reported on the matter earlier this week. 

Family Wealth Report contacted Canada-headquartered Canaccord Genuity yesterday for comment and may update this article in due course. It had not received a reply as of the time this article went to press.

The report said it is discussing a sale to the investor group that also includes Middle Eastern sovereign wealth fund Mubadala Investment Co after a period of exclusive talks with buyout firms Warburg Pincus and Clayton Dubilier & Rice lapsed. Any deal could value the Canaccord Wealth UK unit at around £1 billion ($1.3 billion). A deal could be announced in the coming weeks.

If the story turns out to be accurate, it would represent another example of UK wealth management operations being taken over by overseas buyers, with notable examples in recent years including those of Miami-headquartered Corient’s purchase of Stonehage Fleming and Stanhope Capital, US-based Creative Planning’s acquisition of MASECO, and US-based Nuveen’s acquisition of Schroders. 

Reports said Canaccord’s shares rose as much as 6.5 per cent to C$14.18 in Toronto on Tuesday when the story broke. Since the start of 2026, shares in the group are up about 22 per cent.

The newswire story said talks with Centerbridge and Mubadala are ongoing, although they could still be delayed or falter. Representatives for Centerbridge, Mubadala, Warburg Pincus and CD&R declined to comment, the report said.