NatWest selling HR advisory service Mentor to Empowering People Group - report.
NatWest Group is reportedly selling a human resources advisory service it adapted during the Covid pandemic to a private equity-backed rival.
NATWEST GROUP
25 March 2026 10:53:57
Source: Sharecast
According to Sky News, the bank has struck a deal to sell Mentor to Empowering People Group, which is owned by buyout firm Limerston Capital. Sky said the value of the deal was unclear on Wednesday morning.
Mentor provides consultancy services in areas such as employment law, HR, health and safety, and on environmental issues. It was understood that NatWest is planning to offer continued access to Mentor's services after the sale completes.
Mentor was launched in 1997, but was effectively relaunched during the pandemic to help clients navigate their way through changes in working practices. The unit has operated within NatWest’s Business Banking franchise, and serves more than 10,000 fee-paying customers.
Mentor employs about 220 people, all of whom will be transferred to its new owner, Sky said.
The sale will follow that of workplace pensions platform Cushon to Willis Towers Watson late last year.
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