Private equity’s burgeoning interest in the professional services sector is driven by several factors, shaped by both industry dynamics and, more recently, by the broader economic landscape.

Private equity firms are continuously searching for nascent markets and emerging opportunities in which to deploy capital, and up until the past five years or so, large swathes of the people-based businesses were underserved by investment.

In recent years, however, this has started to change, with firms recognising the ability for high-value-add consulting to drive outsized returns.