Accounting Firms

Private equity firms interested in £1bn Cogital deal

A selection of US-based private equity firms are interested in acquiring chartered accountancy firm Cogital in an estimated £1bn deal, according to reports.

The Financial Times reported that BC Partners, Permira, PAI and Hellman & Friedman are all set to launch bids to acquire the firm, which was set up by former Deloitte partner John Connolly with HG Capital back in 2016.

It is not yet clear if the deal would be for a minority or majority stake in the company.

The company currently employs over 6,000 people in 184 offices covering accountants, tax specialists and lawyers, HR and financial specialists, bu siness support and IT architects.

Cogital, PAI, Hellman and Freidman Permira and BC Partners declined to comment.

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