NatWest Acquires Evelyn Partners

The acquisition increases NatWest's exposure to a high growth, capital light segment (private banking and wealth management).

Evelyn Partners has a 180 year history and oversees £69bn in Assets under Management and Administration ("AUMA"), with an AUMA CAGR greater than 7%. This is a massive addition to NatWest.

Bridgepoint Buys £800m Stake in MyDentist

Private equity firm Bridgepoint has bought a reported £800m stake in MyDentist, which runs more than 500 practices in the UK, and is the biggest chain supplying the UK market.  

Bridgepoint has previously owned care home operator Care UK.

Bridgepoint has $86bn AuM. In private equity, they are Europe's leading mid-market growth investor.

Focus sectors include Advanced Industrials (with a focus on asset-light businesses with robust technology), Business and Financial Services (where they look for scale and growth potential) and Healthcare, with Technology running as a horizontal. 

It has a thirty year history, formed from the management buyout from NatWest Ventures by William Jackson.