PracticeAccounting FirmsFormer Deloitte boss and HgCapital launch CogitalGroup

Former Deloitte boss and HgCapital launch CogitalGroup

Ex-Deloitte CEO John Connolly launches vehicle which will be used to create a new professional services firm

FORMER Deloitte boss John Connolly and private equity firm HgCapital have launched CogitalGroup, a new vehicle which will be used to create a new professional services firm.

The new venture will provide accounting, taxation, financial and other advisory services to entrepreneurial businesses and high net worth individuals.

Blick Rothenberg, the London-based accountancy firm acquired by HgCapital last month, is the first platform acquisition of the group, which is expected to announce a string of takeovers in the coming months.

The move, initially mooted as a challenge to the Big Four, comes as KPMG, PwC, Deloitte and EY have all made forays into the SME market.

Connolly, the former global chairman of Deloitte who served as UK chief executive for 12 years, said: “We feel there is a place in the market for a firm focused on entrepreneurial businesses, delivering a personal service while harnessing the value-enhancing role of technology.

“This approach, already embedded in Blick Rothenberg, provides an excellent foundation for our new business.”

Related Articles

What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

1m Fergus Payne, Lewis Silkin
David Sproul, Senior Partner and Chief Executive, Deloitte

Accounting Firms David Sproul, Senior Partner and Chief Executive, Deloitte

3m Lucy Skoulding, Reporter
Financial Power List 2018: 1-5 revealed

Accounting Firms Financial Power List 2018: 1-5 revealed

3m Lucy Skoulding, Reporter
LLPs in Top 50+50: Will LLPs continue to be the preferred set-up?

Accounting Firms LLPs in Top 50+50: Will LLPs continue to be the preferred set-up?

4m Fergus Payne, Lewis Silkin
Top 50+50: Firms fall short on diversity

Accounting Firms Top 50+50: Firms fall short on diversity

6m Alia Shoaib, Reporter
Smith & Williamson and Rathbones merger talks end

Accounting Firms Smith & Williamson and Rathbones merger talks end

8m Alia Shoaib, Reporter
Tilney and Rathbones in bidding war over Smith & Williamson merger

Accounting Firms Tilney and Rathbones in bidding war over Smith & Williamson merger

8m Alia Shoaib, Reporter
Deloitte acquires Swedish digital agency Acne

Accounting Firms Deloitte acquires Swedish digital agency Acne

8m Alia Shoaib, Reporter