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NatWest to Buy Evelyn Partners for £2.7bn and Launch £750m Buyback

Story Highlights
  • NatWest will acquire Evelyn Partners for £2.7bn, creating a leading UK wealth franchise.
  • The deal boosts fee income, delivers cost synergies, and remains capital-accretive over time.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
NatWest to Buy Evelyn Partners for £2.7bn and Launch £750m Buyback

Meet Samuel – Your Personal Investing Prophet

The latest announcement is out from NatWest Group ( (GB:NWG) ).

NatWest Group has agreed to acquire U.K. wealth manager Evelyn Partners for an enterprise value of £2.7 billion and launch a £750 million share buyback, in a move that will create what it calls the country’s leading private banking and wealth management business. The deal, funded from existing resources and expected to close in summer 2026 subject to regulatory approval, will combine Evelyn’s £69 billion of assets under management and administration with NatWest’s £59 billion, giving £127 billion in AUMA and £188 billion in total customer assets and liabilities.

Evelyn Partners, which has grown its AUMA at more than 7% annually and generated £179 million of EBITDA in 2025, brings an integrated platform spanning financial planning, discretionary investment management and a direct-to-consumer offering. NatWest expects the combination to boost fee income by about 20% before revenue synergies, deliver around £100 million in annual cost synergies at a cost of £150 million to achieve, and be accretive to growth and return on tangible equity in the first year, even after a roughly 130 basis point hit to its CET1 ratio.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £725.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Spark’s Take on GB:NWG Stock

According to Spark, TipRanks’ AI Analyst, GB:NWG is a Outperform.

NatWest Group’s overall stock score is driven by strong technical indicators and attractive valuation metrics. The company’s robust earnings call and positive corporate events further bolster its position. However, cash flow volatility remains a concern that slightly tempers the overall score.

To see Spark’s full report on GB:NWG stock, click here.

More about NatWest Group

NatWest Group is a major U.K. banking group focused on retail and commercial banking, savings and lending, and a growing private banking and wealth management franchise. The group serves around 20 million customers and is seeking to expand fee-based, capital-light activities through enhanced wealth management and investment services across the U.K. market.

Average Trading Volume: 18,608,008

Technical Sentiment Signal: Buy

Current Market Cap: £52.59B

Learn more about NWG stock on TipRanks’ Stock Analysis page.

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