Sale of London-based Evelyn Partners could value the wealth manager at £2.5bn (Photo by Dinendra Haria/SOPA Images/LightRocket via Getty Images)Photo: SOPA Images/LightRocket via Getty Images

Evelyn Partners’ private equity backers are preparing to put the UK wealth manager up for sale within months, in what would be the latest mega M&A deal to hit the sector.

Permira and Warburg Pincus are targeting possible suitors, including NatWest and Royal Bank of Canada, as well as other private equity firms and US wealth managers keen to expand in the UK, theFinancial Timesreported.