The business has been sold to H.I.G. Europe, the European affiliate of H.I.G. Capital, a global investment firm and Interpaths managing directors.
The completion of the sale, which sees circa 528 staff and 22 partners transferring to the new business, means that Interpath has now launched as an independent restructuring and turnaround business.
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 tal…
Read the full article at: https://www.creditstrategy.co.uk/turnaround-restructuring-insolvency-news/turnaround-restructuring-and-insolvency-news/kpmg-completes-sale-of-restructuring-business