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Will private equity set its sights on accounting firms after the Baker Tilly deal?

Accountancies need capital and private equity firms have a huge pool of funds to spend

There are lots of rumours around some of the larger accounting firms and some PE firms are looking at the sector for the first time
There are lots of rumours around some of the larger accounting firms and some PE firms are looking at the sector for the first time Photo: Getty Images

David Wighton is a columnist at Financial News

Private equity firms are sitting on an estimated $2.6tn of investors’ cash that they need to spend on new deals. The question is: what on earth are they going to do with it all?

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