Accountancy

EY rejects TPG approach to split firm

Private equity giant approached EY about investing in its consulting business, but has been rebuffed

Return of EY's break-up plan now looks less likely after TPG offer canned
Return of EY's break-up plan now looks less likely after TPG offer canned Photo: Jeremy Moeller/Getty Images

EY has rejected an approach from buyout firm TPG to invest in its consulting division, according to a report.

The private equity firm approached EY last month about investing in its consulting arm, according to the Financial Times.

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