CDR and Warburg Pincus Eye Canaccord Wealth Deal
Private equity firms CDR and Warburg Pincus are in advanced discussions to acquire Canaccord Wealth. The British wealth management unit could be valued at over one billion pounds in the potential joint takeover.
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Private equity groups CD&R and Warburg Pincus are in advanced discussions to acquire CANACCORD GENUITY GROUP INC's British wealth management arm for more than £1B ($1.34B). The joint takeover bid follows an auction process launched last year, two people familiar with the matter said during the afternoon of Tuesday, September 22.
