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Permira and Warburg Pincus will sell Evelyn Partners to NatWest for £2.7 billion, with a valuation at 15x EBITDA. Under Permira's ownership since 2014, Evelyn's AUM grew from £5 billion to over £68 billion.

Tower Peak's Paul Hockel is developing a team focused on aerospace and defense, targeting investments of $50 million to $500 million. The firm aims to capitalize on the increasing defense expenditure in Europe, projected to reach €600 billion by 2035. In a separate deal, a consortium including Advent International will acquire InPost for €7.8 billion, supporting its growth in several European markets.