EY rejects TPG plan to break up Big Four firm

EY rejects TPG plan to break up Big Four firm

EY is being offered yet another chance to break itself up. On Monday, the Financial Times reported that private equity firm TPG had approached EY about buying a stake in its consulting arm. The approach came just four months after the audit giant cancelled a plan to...
Warburg, Kelso Make Bid for Femsa’s $5bn Envoy Unit

Warburg, Kelso Make Bid for Femsa’s $5bn Envoy Unit

Mexican Coca-Cola bottler Femsa is in talks to sell a US packaging and food services business to private equity firms Warburg Pincus and Kelso & Co. for about $5bn, according to people with knowledge of the matter. Kelso would do the deal through portfolio company...