Deals Of The Day: The Latest In Wealth Management M&A – Evelyn Partners, Howden

Editorial Staff

12 November 2025

Evelyn Partners, Howden
UK-based has agreed to sell its employments benefit to insurance firm Howden, for an undisclosed sum.

The transaction, which is subject to regulatory approval, is expected to complete in the first quarter of 2026.

Evelyn said it has sold the business in order to focus “solely on wealth management”; the sale follows its disposal of its Professional Services and Fund Solutions businesses, both of which completed earlier this year.

The EPFS team of 38 professionals will switch to Howden in the first three months of 2026. They are based in London, Bristol, Glasgow and Guildford.

EPFS, which supports mid-market, scale-up and fast growth firms, provides a range of consultancy services to employers and trustees. It also offers advice on group risk and healthcare benefits, employee engagement and communications services, along with wellbeing and ancillary benefit packages.

EPFS’s team is led by Gareth Sawyer, head of employee benefits. Sawyer will report to Cheryl Brennan, MD, Howden Employee Benefits following completion of the acquisition.

In March, Howden bought Barnett Waddingham, which it said created a “new force in the global employee benefits and pensions advisory sector,” with about 4,000 experts delivering more than £500 million ($658.6 million) in combined revenue.