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KPMG partner exits firm amid tribunal over Silentnight private equity takeover

The tribunal is set to resume on 21 June

David Costley-Wood retired on 4 June, according to a KPMG spokesperson
David Costley-Wood retired on 4 June, according to a KPMG spokesperson Photo: Getty Images

A KPMG restructuring partner facing a disciplinary tribunal over the sale of mattress company Silentnight to private equity fund HIG in 2011 has left the firm.

David Costley-Wood was accused by a lawyer for the Financial Reporting Council of being behind a “morally repugnant” scheme to dump the pension liabilities of Silentnight to smooth its sale to HIG.

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