After offloading its public sector and Indigenous consulting divisions, professional services firm PwC is now looking to sell its Australian insolvency practice, with global player Teneo in pole position.
According to reports, PwC is on the brink of selling its ‘Business Restructuring Services’ practice to Teneo, which has a global headcount in excess of 1,600 professionals but a limited footprint in Australia.
Since re-emerging as Scyne Advisory, PwC was pushed into discarding its $650 million public sector business in the wake of the firm’s government tax breach scandal, and followed that up by selling its Indigenous consulting practice to Deloitte.
Led by Melbourne-based partner…
