In August 2021, private equity firm TowerBrook Capital Partners became one of the first investment houses to take a significant stake in a high-profile accountancy firm, charting a path away from the partner model that has defined the industry for decades. TowerBrook, which has headquarters in London and New York, outlined its intention to invest heavily in talent and technology at its new firm EisnerAmper, while also ramping up its spending on mergers and acquisitions. At the time, EisnerAmper’s CEO Charly Weinstein said the business was “supremely confident” that it was the right time to take on private capital. “Rather…

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