Episode 7. In this week's news, Rob and Martin discuss how private equity is changing the landscape of mergers and acquisitions within the accounting sector.
➤ The rise of 'consolidators' in the accounting profession who are buying up firms
➤ Why equity partners of accounting firms are being offered huge cash incentives to 'go away'
➤ Explaining the 60-20-20 basis on which accounting practices are purchased
➤ Where private equity firms are seeing profit in buying up accountancy practices
➤ The switch to board level leadership outside accounting when firms are purchased by PE money
➤ How active the buying and selling market of accounting firms and fintechs is right now
➤ How firms driven by PE money can be more competitive than their peers
➤ Whether PE funds are good for the accounting and fintech sectors as they seek to 'bring everything together'
➤ What more money is doing to the commercialisation of accounting firms.
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