1,000 deals show where pe money in accounting really goes.
by 卡塔尔世界杯常规比赛时间
private equity’s expansion into accounting is widely framed as a takeover of public company audits. but new data shows that’s only a myth.
more private equity | the 7.6x machine: how grassroots firms are taking private equity for a ride | deal tracker: pe platforms accelerate the grab for cpa firms | with apax sale, cohnreznick starts building a national platform | unicorns and funerals: from the demise of botkeeper to the rise of basis.ai | jeremy dubow: raising the bar for talent | big 4 transparency | twelve great reasons to merge in a smaller accounting firm
a close look at almost 1,000 pe deals over the last 10 years shows only about 10% involve firms with assurance practices. the reason is as clear as it is simple: the vast majority of pe and pe-backed deals are for firms too small to play in the audit business.
to read the full article
