KPMG Sells Its U.K. Restructuring Unit to HIG Europe, Partners
- More than 500 staff to move to new firm named Interpath
- Sale seeks to avoid conflicts of interest with audit business
KPMG agreed to sell its U.K. restructuring practice to Interpath Advisory, a new company backed by private equity firm H.I.G. Europe and partners at the unit.
Interpath will be led by senior partners Blair Nimmo, Will Wright and Mark Raddan, the company said in an emailed statement on Thursday.