EY planning major private equity push with audit reform looming over sector

Reported today on City AM For the full article visit: https://www.cityam.com/ey-planning-major-private-equity-push-with-audit-reform-looming-over-sector/ Big Four firm EY is planning a major private equity push as it grapples with potential regulatory changes that could dramatically alter the face of the firm.Its transaction advisory division is understood to be looking to boost its capabilities in the private equity sector, with the goal of winning more lucrative private equity sell-side mandates.Options being examined include redirecting current partners to focus on securing sell-side appointments and bringing in new partners to increase the team\'s firepower. The potential expansion is being looked at as a long-term play, with some of the major deals the firm is hoping to win expected to come to fruition in two-to-three years\' time. Read More: Brydon review finds UK audit industry in need of \'urgent reform\'The firm is also looking at strengthening its d