Mergers & AcquisitionsMedium•15 November 2026•
1 min read
Canaccord Genuity Group to Go Private in Cash Acquisition Deal
Key Facts
1Canaccord Genuity Group agreed to sell its UK and Crown Dependencies wealth business for an enterprise value of approximately £1.17B.
2The company expects to receive approximately £564M in proceeds from the transaction.
Canaccord Genuity Group agreed to a go-private deal offering a combination of cash consideration to its shareholders. The agreement provides £4.15 plus $7.45 per common share to take the company private.
The move follows the group's agreement to sell its wealth management business in the UK and Crown Dependencies for an enterprise value of £1.17 billion. The divestment of the UK unit is expected to generate approximately £564 million in cash proceeds for the Canadian group prior to the completion of the go-private transaction in 2027.