Thursday, June 17, 2021

KPMG UK completes sale of restructuring business

Professional services firm, KPMG, has completed the sale of its UK Restructuring practice, now known as Interpath Advisory, to H.I.G. Europe, the European affiliate of H.I.G. Capital, LLC, and Interpath’s managing directors.

The sale of the business, which sees circa 528 staff and 22 partners transferring to Interpath, enables KPMG to accelerate its programme of investment in its core audit, tax, deals and consulting services for clients.

Jon Holt, Chief Executive of KPMG UK, said: “This is the best possible result for both KPMG and the Restructuring business. It will enable us to accelerate our investment in our core services and take advantage of the significant market opportunities ahead of us.

“Throughout this process, a key priority has been to ensure the stability and future success of the Restructuring business and its talented people. This deal will help the team at Interpath to do just that, whilst giving them the opportunity to serve a broader client base and realise their full growth potential. We wish them every success in the future.”

The sale is specific to KPMG in the UK and does not affect the firm’s Insolvency and Restructuring business in Ireland, which includes Northern Ireland.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.







Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close