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EY invests in private equity with two UK appointments

Previously, Jawaid was the global head of private equity, strategy group at a big four accountancy firm and McFerran led the M&A operations team in Europe for Platinum Equity LLC

EY has invested in its private equity team, announcing two key appointments including a new head to lead the division.

It revealed Akif Jawaid has joined to head a newly formed EY-Parthenon private equity UK team which will combine commercial, operational and digital expertise to maximise value for clients across the deal lifecycle.

It said the private equity team will be a “core part” of EY’s broader private equity offering and will ensure clients continue to receive “leading advice and support” across all aspects of their business – both financially and operationally.

Previously, the firm said Jawaid was the global head of private equity, strategy group at a big four accountancy firm and prior to this held senior roles at BCG and McKinsey.

Neil McFerran has also joined as a partner, in response to growing demand from the UK private equity industry for EY’s strategy and transactions services.

According to EY, McFerran will lead on pre- and post-deal value creation and execution, with a particular focus on the advanced manufacturing and mobility sectors.

McFerran led the M&A operations team in Europe for Platinum Equity LLC and prior to this, he was UK private equity lead at AlixPartners.

Jawaid said: “I am thrilled to join EY to help lead such a pivotal effort to better serve our private equity clients. It’s clear that the leadership of EY, both in the UK and globally, recognise the importance of this asset class and are focused on ensuring we are able to deliver differentiated insight and advice to our clients.”

Neil McFerran added: “I am delighted to be playing a role in building EY-Parthenon’s capability in private equity, supporting clients on sustainable value creation. There are many investment opportunities for private equity, and we are working together with our clients to create viable businesses and maximise performance outcomes across a number of sectors.”

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