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


A number of private equity firms are running the rule over EY’s global advisory business

A number of private equity firms are running the rule over EY’s global advisory business. 

The Mail on Sunday has learned the group has been approached by several firms, including Stockholm-based EQT, one of the world’s largest private equity companies. Others said to be interested include Blackstone, KKR and Permira. 

Interest: EY’s advisory businesses, which offer tax, consulting and deals advice, had revenues of £21billion last year

A source close to EY said: ‘A number of businesses have approached EY. It is still early days but EY partners will be considering all their options. A sale to a private equity firm or a consortium of them is an option.’ 

Two weeks ago, it was revealed EY is exploring a public listing or partial sale of its global advisory division. 

A sale would raise the prospect of a windfall for EY’s existing partners who own and run the firm. 

EY’s advisory businesses, which offer tax, consulting and deals advice, had revenues of £21billion last year.

Read more at DailyMail.co.uk