Accountancy

EY could revive break-up plan as TPG eyes stake

TPG could put equity into a standalone consulting arm, while also raising debt to pay out partners, report suggests

Uncertainty continues around EY's future as private equity giant sounds out leadership
Uncertainty continues around EY's future as private equity giant sounds out leadership Photo: Jeremy Moeller/Getty Images

EY could end up reviving its plan to split the firm in two after TPG approached the firm about buying a stake in its consulting arm, according to reports.

The Big Four giant scrapped a plan to hive off its consulting business from its audit work earlier this year, as internal frictions between the US and other regions, as well as between different practices, proved insurmountable for chief executive Carmine Di Sibio.

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