Centerbridge Partners and Mubadala Investment Company, the Abu Dhabi sovereign wealth fund, are in talks to acquire Canaccord Genuity's UK wealth management business for approximately £1bn, according to a Bloomberg report.
The report describes talks to acquire the business; it does not describe a signed or completed agreement. No other terms of the proposed transaction appear in the Bloomberg account as published.
Reported by the Deals & PE desk from Bloomberg report, as published by Private Equity Wire. Published . Corrections