Ireland's accountancy sector has become synonymous with private equity in recent years. Now a number PE-backed UK firms with Irish presences are reportedly exploring a sale as the industry enters a new phase.
As many Irish accountancy firms consolidate under private equity ownership, Declan de Lacy is setting up his own firm Fides. It will initially focus on insolvency, property and corporate finance before expanding.
As UK-backed consolidators snap up Irish accountancy firms, Dominic Kelly is taking a different path. With new investment from Renatus, Kelly wants Strata Financial to offer an Irish alternative for smaller practices.
Under Frank O’Keeffe's watch, EY Ireland has tripled in size since 2018. He reflects upon his journey, outlines the firm’s expansion strategy, and gives his views on Ireland’s economic outlook.
Ormsby & Rhodes, which has revenues of over €7 million and a team of 50 staff, is now teaming up with AAB. It is joining a group with combined revenues of more than €120 million and 1,000 people.
The firm's partners voted unanimously to merge with its private equity-backed US counterpart but some have decided to move on once the deal is concluded, including its chair Sinead Donovan, who explained her reasons to The Currency.
New Mountain Capital, the bankroller behind Grant Thornton's Irish and US merger, weighed up adding the UK arm too – but another private equity firm has beaten it to the punch.
Ryan McCarthy will replace Seamus Hand as managing partner of KPMG next May. He explains why he went for the role, outlines areas of growth for the firm, and talks about the changing accountancy landscape.
Feargal McCormack built one of the largest accountancy firms in the North from the ground up, before selling it to private equity. He talks about his journey, how Brexit impacted Anglo-Irish relations and maintaining “work-life harmony”.
Deloitte is now the largest professional services network in the world and one of the big-four firms in Ireland. Managing partner Harry Goddard talks about its record financial performance, its future strategy and investing in Ireland.
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