A number of private equity firms are running the rule over EY’s global advisory business.
The Mail on Sunday has learned the group has been approached by several firms, including Stockholm-based EQT, one of the world’s largest private equity companies. Others said to be interested include Blackstone, KKR and Permira.
Interest: EY’s advisory businesses, which offer tax, consulting and deals advice, had revenues of £21billion last year
A source close to EY said: ‘A number of businesses have approached EY. It is still early days but EY partners will be considering all their options. A sale to a private equity firm or a consortium of them is an option.’
Two weeks ago, it was revealed EY is exploring a public listing or partial sale of its global advisory division.
A sale would raise the prospect of a windfall for EY’s existing partners who own and run the firm.
EY’s advisory businesses, which offer tax, consulting and deals advice, had revenues of £21billion last year.
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