HIG Capital has agreed to sell Interpath to Bridgepoint at a valuation of around $1.1bn, marking a successful exit from the former KPMG UK restructuring arm and reinforcing private equity’s growing focus on professional services assets.

HIG Europe acquired Interpath in 2021 in a carve-out from KPMG at a valuation of about £400m. The sale to Bridgepoint at roughly £800m represents a doubling of equity value over a five-year holding period.

The deal adds to a steady stream of private equity transactions in professional services, where investors are attracted by predictable cash flows, loyal client bases, and opportunities to scale through acquisitions and operational improvement.

Regulatory pressure on the Big Four to separate audit from advisory operations helped open the sector to private capital. Since then, private equity firms have expanded beyond initial carve-outs into broader advisory, accounting, and restructuring platforms.

Recent transactions underline the trend. Cinven acquired a majority stake in Grant Thornton UK for £1.3bn in 2024, while Apax bought the accounting arm of Evelyn Partners for £700m in early 2025.

The Interpath transaction highlights how private equity firms are increasingly able to generate strong exits from services businesses, even as dealmaking remains uneven across other sectors.

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