EY said it is not pursuing “any transactions” with TGP Capital or any other private equity firm, The Financial Times reported.
EY has dismissed a proposal from TPG Capital in which the private equity firm expressed an interest in acquiring a stake in EY’s consulting arm, according to“We frequently receive inquiries from private equity firms and other investors expressing interest in parts of EY businesses. This was the case before Everest and will continue into the future,” partners were told in a note from global chairman and chief executive Carmine Di Sibio.
“The TPG approach was a preliminary expression of interest and there has not been further engagement. We are not actively engaging in any transactions,” Di Sibio noted.
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