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EY is not pursuing a transaction with TPG Capital: FT
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EY has dismissed a proposal from TPG Capital in which the private equity firm expressed an interest in acquiring a stake in EY’s consulting arm, according to The Financial Times.
The Times detailed the TPG approach the previous day.
“We frequently receive inquiries from private equity firms and other investors expressing interest in parts of EY businesses. This was the case before Everest and will continue into the future,” partners were told in a note from global chairman and chief executive Carmine Di Sibio.
“The TPG approach was a preliminary expression of interest and there has not been further engagement. We are not actively engaging in any transactions,” Di Sibio noted.
The Times reported on the note from Di Sibio.
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