The private equity firms behind wealth management group Tinley Smith & Williamson (TSW) are reportedly either looking to list the firm or sell it, according to the Financial Times.
The report said that PE groups Warburg Pincus and Permira are looking to exit their investment 18 months after the merger between Tilney and Smith & Williamson.
A secondary sale to a private equity firm is a possibility, but an initial public offering (IPO) was also being considered by the PE groups.
The wealth management group, which has £56bn ($76bn, €67bn) in assets under management, would be valued between £2bn and £3bn, those familiar with the matter claimed.
Investment banking advisory firm Evercore has reportedly been appointed to advise on the sale.
International Adviser contacted TSW, but the company declined to comment on the rumours.
