PracticeAuditDeloitte on team to sell Equitable

Deloitte on team to sell Equitable

Deloitte has been asked help prepare Equitable Life for sale.

The
firm
will work alongside law firm
Lovells
and boutique investment bank Lexicon to gather data and information for
potential bidders.

According to the Daily Telegraph an information room for potential buyers is
likely to be opened early next year.

Equitable
will go on sale after receiving advances from a calls form interested parties.

At its height the life assurer was worth £26bn but currently has just £7bn of
assets under management.

Equitable famously launched a failed £1bn claim against its former auditors
Ernst & Young over its catastrophic collapse in 2000.

Equitable
case flawed from start to finish

Triumphant
E&Y says no disciplinary case to answer

Related Articles

Is predictive analytics the end of the annual audit?

Audit Is predictive analytics the end of the annual audit?

3d Martin Herron, MHA MacIntyre Hudson
Auditors ‘in the dock’ over Carillion as report calls for Big Four break-up

Audit Auditors ‘in the dock’ over Carillion as report calls for Big Four break-up

1w Emma Smith, Managing Editor
PCAOB sanctions former Deloitte Turkey CEOs over altered documents

Audit PCAOB sanctions former Deloitte Turkey CEOs over altered documents

2w Alia Shoaib, Reporter
KPMG South Africa to review past audit work amid fresh scandal

Audit KPMG South Africa to review past audit work amid fresh scandal

1m Alia Shoaib, Reporter
FRC introduces £10m sanctions for Big Four firms

Audit FRC introduces £10m sanctions for Big Four firms

1m Alia Shoaib, Reporter
Ukraine’s PrivatBank files $3bn claim against PwC

Audit Ukraine’s PrivatBank files $3bn claim against PwC

2m Alia Shoaib, Reporter
Grant Thornton to exit FTSE 350 audit market, citing Big Four dominance

Audit Grant Thornton to exit FTSE 350 audit market, citing Big Four dominance

2m Alia Shoaib, Reporter
Big Four dominate FTSE 250 audit market in Q1 rankings

Audit Big Four dominate FTSE 250 audit market in Q1 rankings

3m Alia Shoaib, Reporter