How private equity is changing accountancy profession

Rapid consolidation driven by the buy-up of multiple accountancy firms by large private equity investors is changing the face of accounting, says Robert Salvoni, chief operating officer at MyWorkpapers

There is one trend in the dynamic UK accountancy profession that just cannot be ignored – the aggregation of accountancy firms backed by venture capital and private equity investors.

In the last few years, there have been a succession of deals across the sector led by market leaders and backed by strong investment from outside venture capital and private equity firms, who are seeking to explore significant opportunities for growth in the market.

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