March 25 (Reuters) - NatWest is selling its human resources advisory business Mentor to private equity-backed Empowering People Group, Sky News reported on Wednesday, as the British lender streamlines
NatWest to sell HR consultancy unit Mentor in streamlining push
NatWest's Strategic Shift and Mentor Sale Details
March 25 (Reuters) - NatWest is selling its human resources advisory business Mentor to private equity-backed Empowering People Group, the British lender said on Wednesday, as it streamlines operations to focus on core banking and wealth management.
-
Continued Access to Mentor’s Services
Following the sale, NatWest Group will continue to offer access to Mentor’s services on a referral basis, the lender said.
-
Deal Timeline and Financial Terms
Expected Closing Date
The financial terms of the deal, expected to close in the third or early fourth quarter of 2026, were not disclosed.
-
About Mentor
Service Offerings
Mentor, launched in 1997, offers consultancy services focused on employment law, HR, health and safety and environmental management.
Employee Transfer
Transition to Empowering People Group
All 220 Mentor employees will transfer to Empowering People Group, according to Sky News, which first reported on the deal.
-
NatWest’s Broader Strategy
Recent Acquisitions
In early February, NatWest agreed to buy one of Britain's largest wealth managers, Evelyn Partners, for $3.62 billion including debt in a bid to expand its wealth management business.
-
About Empowering People Group
Ownership and Response
Empowering People Group, backed by London-based buyout firm Limerston Capital, did not immediately respond to Reuters' request for comment.
(Reporting by Nithyashree R B and Raechel Thankam Job in Bengaluru; Editing by Jonathan Ananda)
