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...The advisory firm set up by Lord Peter Mandelson, one of the architects of New Labour in the UK, has sold a 20 per cent stake to a US business run by a former Barack Obama aide in a first step towards a...
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...H&F has invested in business services companies such as advertising agencies, advisory firms and insurance brokerages for decades....
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...Bain & Company has picked the head of its European private equity advisory business to be its next global chief executive, as the consulting group deals with an industry slowdown and the fallout from a corruption...
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...In a multi-stage process that first involved a change of the existing group’s legal structure, the firm then carved out its highly profitable consulting, tax and M&A advisory operations through an asset...
...Its risk advisory business, which includes cyber security and climate change advice, grew 17.5 per cent to $7.8bn....
...Demand for deals advisory work has been subdued across the Big Four, with a combination of higher interest rates and geopolitical tension resulting in a global slowdown in mergers and acquisitions....
...KPMG noted “capacity issues created by ongoing and historically low attrition” when it cut jobs in its US audit business in March....
...He said he “100 per cent” agrees with PwC’s “multidisciplinary model” of maintaining its audit and advisory arms under one roof, after rival EY abandoned its attempt to spin off its consulting division last...
...EY also last year rejected a proposal from US private equity group TPG to break up the firm globally and take a stake in its consulting business....
...For firms such as Brunswick, FGS Global and FTI Consulting, work consists of everything from crisis and financial communications to advising on sustainable business, corporate culture reviews and geopolitical...
...Deloitte said: “We are considering restructuring parts of our advisory corporate finance business. This is in order to concentrate on larger, sector-focused M&A activity....
...EY’s global consulting business....
...Big Four consulting firm Deloitte is scaling back its UK deals business to focus on higher value transactions after a review of its profitability, in a strategic shift away from work it has done for decades...
...“We’re a large enterprise consulting business, which means we get into solutions and technology in a fairly heavy way,” explains Phil Spring, UK sustainability services leader at IBM Consulting....
...Cyber security work, meanwhile, was the fastest-growing business line, up more than 17 per cent from 2022 to £1.7bn....
...on expanding its own business....
...The cuts continued into the new year, with EY shedding dozens of roles in January in its customer consulting and legal advisory divisions....
...“Should a CVA not be possible, we will proceed with a sale of the business and assets,” said FRP in its report....
...Mainstream management consulting firms, IT consultancies, advisory branches of auditing firms, consultancy branches of technology companies, and consulting networks were all eligible....
...And when KPMG cut jobs in its US audit business in March, it noted “capacity issues created by ongoing and historically low attrition”....
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