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TPG offers to buy stake in EY: Financial Times
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US private equity firm TPG Capital has approached EY about buying a stake in the company’s consulting business, The Financial Times reported on its website.
TPG reportedly is offering a mix of debt and equity, the Times also reported. Shares could later be sold in the consulting business in a public listing, the Times said, according to a letter it said it had seen.
The US firm has $US139 billion ($215 billion) worth of assets under management, according to its website.
One person familiar with EY’s internal discussions told the Times: “The expectation is that the organisation will not pursue this expression of interest.”
TPG currently is pursing the acquisition of InvoCare.
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