Deloitte is kicking off talks with potential buyers of its British restructuring business amid expectations of a surge in activity triggered by swathes of coronavirus-inspired insolvencies.
Sky News has learnt that Daniel Butters, who heads the big four audit firm’s UK restructuring operations, briefed hundreds of staff this week that he had been given a green light to begin discussions with private equity bidders.
The news effectively scotches speculation in the Financial Times in September that Deloitte’s global executive team had vetoed the plan – which had been revealed by Sky News earlier that month.
One insider said the global firm had ordered a strategic review of the UK restructuring arm, which culminated in the decision this…
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