Wealth advisory firm set for £240m sale as bidders circle (opens original article in a new tab)

Wealth advisory firm Equiom is in the process of being sold for £240m, with second round bids from trade and private equity buyers, as the sector experiences increased consolidation and dealmaking.

• Wealth advisory firm Equiom is seeking a £240m sale with second round bids from trade and private equity buyers.
• The sale comes amid a wave of dealmaking in the wealth advisory and funds sector as firms consolidate and private equity rolls up smaller companies.
• Equiom, based in the Isle of Man, has 450 employees across 12 locations and was previously part of EY before becoming independent in 2006.