KPMG’s Swedish affiliate has sold a chunk of its small-company and government business to a private equity-backed firm chasing growth through acquisitions.
The Big Four firm said Monday it had finalized the sale of its audit, advisory, and tax services for small businesses; some services aimed at midsized companies; and audit and advisory services for city and regional government authorities, to Azets, a top-10 UK firm backed by private equity investors.
The deal follows several private equity investments into UK accounting firms, including Grant Thornton’s sale of a strategic stake to Cinven in 2024. However, private equity has proven less ...
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