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Can’t sell if no one wants to buy.
Foreign offices have been asked to join the sale or stick with pwc.
Announcement due end of the month.
October 1 sale. Competitors have started using it as poaching tactic
End of month a decision is expected. Sale could take a while.
Why do leadership not say anything to clarify?
Yes
Deal decision made today?
Stamford partner revealed a sale is in the pipeline … but we’re looking out for our people (blah blah blah … and out back pocket as we approach retirement - I think about 3 or 4 are up for retirement in Stamford … PC, AG, KM, JH, if only more retired to enable the next generation to step up and in to actually demonstrate leadership and care for people).
Is there any existing company who is buying it to merge with existing practice or it will be a separate entity wherein investment would come from PE or Hedge fund ? Any news around it ?
Just that a possible consulting company was going to take it over. To be confirmed I keep hearing but disappointed or parents cannot share more with us.
PwC GMS has just been sold and is becoming CD&R (PE firm). 🤔