HIG Capital (HIG), a global alternative investment firm with over EUR35 billion of equity capital under management, is to acquire KPMG’s UK restructuring business, a leading provider of insolvency, financial restructuring and turnaround services in the UK and globally.
Following completion of the transaction, the business will rebrand to Interpath Advisory, becoming the largest independent restructuring and turnaround team in the UK. The new business will be led by Blair Nimmo, Will Wright and Mark Raddan, who have also led the transaction as three of the senior partners in KPMG’s UK Restructuring practice. They will be supported by an experienced group of partners who will remain as significant shareholders in the business.
HIG’s investment will support Interpath Advisory in its transition to an independent business and strengthen its existing capabilities as it continues to grow its advisory offering in the UK and beyond. HIG has a successful international track record of investing in and supporting the long-term growth of consulting and professional services businesses across Europe and the US.
Read more at: Private Equity Wire
