The sale of the business sees around 528 staff and 22 partners transferring to Interpath Advisory and will enable KPMG to accelerate its programme of investment in its core audit, tax, deals and consulting services for clients.
The professional services firm announced in March that it had sold its UK restructuring business to investment firm H.I.G Capital.
H.I.G Capital is a global alternative investment firm with over 35bn (30bn) of equity capital under management and invests in the long-term growth of consulting and professional services businesses across Europe and the US.
KPMGs decision to sell the business was driven by the significant changes in the insolvency and restructuring market in the UK over recent years. It also comes ahe…
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