At what enterprise value was INTERPATH acquired in 2021?

During the acquisition of INTERPATH by HIG CAPITAL in 2021, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 300M - 700M GBP. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Business Services industry currently tracks an average EBITDA multiple of 11.0x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of INTERPATH when it was acquired by HIG CAPITAL?

The estimated EV/EBITDA multiple for INTERPATH is in the range of 10x - 18x. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.0x. Join our community for free to access full valuation data and industry trends.

When was INTERPATH acquired by HIG CAPITAL?

INTERPATH was acquired by HIG CAPITAL in 2021.

What was the revenue of INTERPATH at the time of the deal?

The revenue of INTERPATH at the time of the deal is estimated to be in the range of 100M - 200M GBP. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of INTERPATH during the acquisition?

INTERPATH's EBITDA is estimated to be in the range of 25M - 50M GBP. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the INTERPATH acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the INTERPATH deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.mergersight.com/post/hig-capital-s-400m-acquisition-of-kpmg-uk-restructuring

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Home Database Business ServicesINTERPATH

04/2021

INTERPATH acquired by HIG CAPITAL

UNITED KINGDOM Professional Services / Consulting & Audit / Accounting & Audit EV 300M - 700M GBP

Context

H.I.G. Europe acquired KPMG's UK restructuring business in a complex corporate carve-out transaction. The deal created "Interpath Advisory," an independent entity led by senior partners who became significant shareholders. The strategic rationale was to liberate the practice from Big 4 audit conflicts, allowing it to service a wider range of clients and navigate the post-COVID economic recovery landscape with greater agility.

INTERPATH, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Business Services sector (11.0x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in Business Services market trends

Target

Interpath, founded in 2021 by former members of KPMG's UK branch, is a specialist advisory firm focused on corporate restructuring and financial services. Since its inception, the company has rapidly established a multi-service advisory platform, providing support to corporate finance departments, private equity sponsors, lenders, and other stakeholders. With over 1,000 professionals employed across 12 countries, including the UK, Ireland, France, Germany, Spain, the Caribbean, and Hong Kong, Interpath has doubled its operations. The firm operates at the intersection of several key and attractive markets, notably restructuring and turnaround, a technically demanding discipline with high barriers to entry and countercyclical resilience. Interpath aims to triple its workforce by 2030 and strengthen its presence in Europe, by entering new markets and expanding its service offerings.

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List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
01/2026	BRIDGEPOINT	INTERPATH	UNITED KINGDOM	Professional Services	The arrival of Bridgepoint as a shareholder in Interpath marks a significant milestone in the growth of this advisory firm, which was founded in 2021 by former members of KPMG's UK branch. This GBP 800 million transaction will enable Interpath to strengthen its presence in Europe, with the ambition of tripling its workforce by 2030. As a specialist in corporate restructuring, the firm aims to consolidate its position in Europe before expanding internationally. The new partnership with Bridgepoint is expected to leverage the investment firm's expertise in the professional services sector, built on a long history of successful partnerships with companies in this industry. The goal is to enhance Interpath's platform by attracting new talent and expanding its service offerings, particularly in restructuring and advisory services. The transaction is subject to customary regulatory approvals and is expected to be completed in the third quarter of 2026.

REFERENCES

Valuation range: EV 300M - 700M GBP

Revenue range: 100M - 200M GBP

EBITDA range: 25M - 50M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of INTERPATH by HIG CAPITAL are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: interpath

Acquirer: hig capital