Private equity firms running rule over EY’s global advisory business

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Quite a few non-public equity firms are running the rule over EY’s global advisory business

Quite a few non-public equity firms are running the rule over EY’s global advisory business

The Mail on Sunday has realized the group has been approached by a number of firms, together with Stockholm-based EQT, one of many world’s largest non-public equity firms. Others mentioned to have an interest embody Blackstone, KKR and Permira. 

Interest: EY’s advisory companies, which supply tax, consulting and offers recommendation, had revenues of £21billion final yr

A supply near EY mentioned: ‘Quite a few companies have approached EY. It continues to be early days however EY companions can be contemplating all their choices. A sale to a non-public equity agency or a consortium of them is an choice.’ 

Two weeks in the past, it was revealed EY is exploring a public itemizing or partial sale of its global advisory division. 

A sale would elevate the prospect of a windfall for EY’s present companions who personal and run the agency. 

EY’s advisory companies, which supply tax, consulting and offers recommendation, had revenues of £21billion final yr.

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