The big four accountancy firm KPMG will on Wednesday announce the 400m sale of its UK restructuring arm, marking a further step in the professions preparation for tough new audit regulation.
Sky News has learnt that the new standalone company, which will comprise approximately 500 people, will be renamed Interpath Advisory.
Backed by HIG Europe, the private equity firm, it will immediately become the largest independent restructuring practice in the UK by number of employees.
The announcement will come just weeks after KPMG’s rival, Deloitte, sold its UK restructuring business to Teneo, a global strategic advisory firm…
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