Cinven Weighs True Potential Sale at Several Billion Pounds
Updated
Updated · Bloomberg · Nov 11
Cinven Weighs True Potential Sale at Several Billion Pounds
1 articles · Updated · Bloomberg · Nov 11
Summary
Cinven has begun exploring a sale of UK wealth manager True Potential, with early discussions held with potential advisers, people familiar with the matter said.
Several billion pounds is the valuation being considered in a potential deal, though the process is still at an early stage.
A sale of True Potential would add to a broader run of transactions in the UK wealth management sector, where dealmaking has remained active.
Will Cinven's multi-billion-pound sale of True Potential trigger a massive pricing reset for the UK's aggressively consolidating wealth management sector?
As regulators scrutinize rapid wealth management buyouts, could True Potential's massive price tag become a warning sign of an overheating market?