The UK accountancy sector has been undergoing a seismic shift for a number of years now. Private equity, once the preserve of the very largest firms, is now turning its attention to mid-tier practices with serious ambitions for growth. Recent research reveals that almost half of UK accountancy firms are open to private equity investment, while an astonishing 86% have already been approached by external investors in 2024.

For mid-tier firms, this is no longer a distant possibility. It is a live conversation happening in boardrooms today, and one that partners can ill afford to ignore.

Why private equity is targeting mid-tier firms