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 discount to the 11.3x average currently observed in the Business Services sector.

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