PracticeAccounting FirmsDeloitte partners in £100m buyout deal

Deloitte partners in £100m buyout deal

Almost 400 Deloitte & Touche partners are to share a £100m windfall from selling half of their Liberata stake to US private equity group General Atlantic Partners.

Link: CSL spring flotation unlikely

When Deloitte in 2000 spun out Liberata, formerly known as CSL, 93% of its shares remained in the hands of a trust held by the firm’s partners.

Under the deal, expected to be announced today, General Atlantic Partners will subscribe for £60m new shares in Liberata and make an offer of up to £100m to buy half of its existing shares.

The 387 Deloitte partners who hold these shares will each receive £258,000 on average, while some, including chief executive John Connolly, are set to receive more.

Related Articles

Productive accountancy firms lead the way

Accounting Firms Productive accountancy firms lead the way

10h Simon Adcock, HSBC
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?

1d Fergus Payne, Lewis Silkin
BDO’s global revenues pass $8bn

Accounting Firms BDO’s global revenues pass $8bn

1w Alia Shoaib, Reporter
Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

Accounting Firms Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

1w Philip Smith, Reporter
Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

Accounting Firms Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

2w Emma Smith, Managing Editor
BDO reports revenue growth of 5.7%

Accounting Firms BDO reports revenue growth of 5.7%

2w Alia Shoaib, Reporter
Taylorcocks announces merger with Surrey firm

Accounting Firms Taylorcocks announces merger with Surrey firm

2w Emma Smith, Managing Editor
Kingston Smith reports 7% gender pay gap

Accounting Firms Kingston Smith reports 7% gender pay gap

2w Emma Smith, Managing Editor