KPMG has signed an unconditional agreement to sell its restructuring practice to Interpath Advisory, a newly-formed company backed by private equity firm HIG Europe.
The sale will see 22 partners and around 528 staff currently employed in KPMGs restructuring practice transfer to Interpath Advisory, making it the largest independent restructuring and turnaround business in the UK.
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KPMG did not release the numbers on what the deal is worth, but it has long been rumoured to be in the region of 400m.
KPMGs restructuring practices pensions advisory practice, which provides independent advice to trustees and sponsoring employers of pension schemes, will also…
Read the full article at: https://www.cityam.com/kpmg-unit-sale-creates-new-restructuring-behemoth-interpath-advisory/