Pack of private equity bidders circle £400m KPMG restructuring arm
A heavyweight pack of private equity firms is circling the big four auditor KPMG as it prepares to offload its restructuring operations in the UK. Sky News has learnt that Intermediate Capital Group (ICG) and Towerbrook Capital Partners are preparing to lodge initial bids for the business ahead of a deadline later this month. City sources said that offers could value the KPMG UK restructuring division - which advises companies on safeguarding their balance sheets during periods of financial dis...
Source: sky.com