EY Considering IPO or Partial Stake Sale for Advisory Arm: FT

May 27, 2022, 5:33 PM UTC

EY is exploring a public listing or partial sale of its global advisory business, the Financial Times reports, citing people with direct knowledge of the matter.

  • EY’s audit business likely to remain as a partnership following any break-up
  • EY senior partners yet to make a firm proposal on whether to proceed with a restructuring and exactly what form it should take
  • EY being advised on its planning by JPMorgan and Goldman Sachs
  • JPMorgan and Goldman Sachs declined to comment to the Financial Times
  • EY declined to comment to the newspaper

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