KPMG has entered exclusive talks about a 400m sale of its UK restructuring business in a deal that could be spearheaded by one of the most prominent figures in the UK accountancy profession.
Sky News has learnt that HIG Europe is in detailed negotiations to acquire the business, which will represent the most valuable disposal to date by one of Britain’s big four auditors.
Sources said that the transaction could be announced as early as next week.
John Connolly, a former chairman of Deloitte, is understood to be in talks with HIG about becoming chairman of the new standalone business.
KPMG’s UK restructuring arm has acted as admi…
Read the full article at: https://news.sky.com/story/kpmg-close-to-clinching-400m-sale-of-restructuring-arm-to-hig-12227839