Big Four accountancy firm Deloitte has reportedly begun early talks about the potential sale of its restructuring business.
According to Sky News, Deloitte has told executives running its restructuring arm to sound out and approach prospective backers of a management buyout.
The decision comes in the face of a potential surge in its restructuring arms profitability due to the increase in corporate insolvencies caused by the Covid-19 pandemic. As such, it is thought that the move is the latest indication of the potential impact impending audit reform targeted towards the big four firms is having on their business models.
Deloittes restructuring arm currently employs around 350 members of staff and has 30 partners. A potential price tag…
Read the full article at: https://www.accountancytoday.co.uk/2020/09/09/deloitte-eyes-sale-of-its-restructuring-business/