Interpathowner to kick off 900m sale of Claires administrator

Image for article Interpathowner to kick off 900m sale of Claires administrator
News Source : Sky.com

News Summary

  • HIG Europe, majority shareholder in Interpath Advisory, will on Monday begin circulating information about the business to potential buyers.
  • Blackstone, Bridgepoint, Onex, PAI Partners and Permira are among the buyout firms expected to show an interest in buying Interpath.
  • Interpath was spun out of KPMG UK in 2021 in a deal triggered by the changing regulatory climate in the audit profession.
  • Growing concerns over conflicts of interest between accountancy giants' audit and consulting arms had been exacerbated by the collapse of companies such as BHS and Carillion.
The restructuring firm drafted in to advise Sir Jim Ratcliffe on a radical costcutting programme at Manchester United Football Club will this week be put up for sale with a 900m price tag.Sky New [+1527 chars]

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