Mid-Sized UK Accounting Firms Expect Fewer PE Investment Deals

A wave of private equity investment into mid-sized UK accounting firms appears to have leveled off, although the industry continues to change rapidly amid technology advances and government policy shifts, a survey by a professional accounting body found.

The Institute of Chartered Accountants in England and Wales released a survey of mid-sized member firms Friday that found interest in accepting private equity investment “may be reaching a plateau.”

The survey also found shifts in workforce strategies. Tax breaks and government grants meant that the firms were planning to hire more graduates straight out of secondary school, and fewer with post-secondary ...