As KPMG Consulting Inc in the US considered a change of name to differentiate itself from its former parent, KPMG LLP, insiders have said there are a number of companies interested in acquiring its European consulting operations.
‘Our data room is very busy at the moment,’ one European source in the firm said, suggesting a number of IT consultancies were now interested in bidding for the practice.
An announcement on the future of the practice is expected in the near future.
KPMG Consulting Inc floated in the US last year, and has since acquired a number of other KPMG practices around the world, including Australia, but has so far failed to bring the Europeans on board.
Ernst & Young set the trend when it sold its consultancy division to Cap Gemini. Since then PricewaterhouseCoopers attempted to pull off a deal with Hewlett Packard but the IT giant pulled out following a collapse in its share price. Last month Deloitte & Touche was forced to announce its intention to spin off Deloitte Consulting in a reaction to market pressure following the Enron scandal.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
In our latest managing partner Q&A looking towards 2017, CVR Global's Richard Toone talks about recruitment, and the potential threat of competition from the legal sector, as key issues for the firm in the coming year
Deloitte to avoid tendering for government contracts over the next six months, to appease Theresa May following consultant's report that painted a less-than-flattering picture of Brexit plans
In our first Q&A looking towards 2017, Menzies senior partner Julie Adams flags up increasing digitisation, aligned with more hands-on consultative services, as the key mix for her practice