KPMG Consulting is to issue shares in the USA in a bid to raise #1.8bn for investment and expansion. A filing with the Securities and Exchange Commission reveals the firm is hoping to sell more than 300m shares priced between #4.50 and #5.80 which should produce a value for the organisation of around of #3.4bn. KPMG has yet to make any public statement about the share issue but details from the SEC reveal partners will retain only 20% of the firm. Proceeds from the shares could be used to pay off existing debts, provide working capital and fund expansion by acquisition.
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