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.
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.”