A KPMG UK spokesperson said: Our industry-leading restructuring business has an established track record of advising on some of the highest profile and most complex projects across the UK.
However, in recent years we have seen the dynamics of the UK insolvency and restructuring market change.
As a result, we have concluded that now is the right time to explore a potential sale of our UK restructuring practice.
Bill Michael, chairman and senior partner of KPMG UK has informed the UK partners that after assessing options, KPMG UKs board has decided to looks for a buyer for the restructuring division, which is ranked in second place in the market with revenues of 130m and a team of 450 professionals.
Despite the expectation that the Covid-…
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