This acquisition represents a significant exit for HIG Capital, which originally bought the unit from the Big Four firm in 2021 for roughly £380m. The transaction underscores the continuing wave of private equity investment into the professional services sector, following similar recent deals such as Cinven’s investment in Grant Thornton UK and Teneo’s purchase of Deloitte’s restructuring arm.

Under the new ownership, the focus will remain on international expansion.

Mark Raddan, CEO of Interpath, said: “Today marks an exciting new chapter for Interpath as we embark on a new partnership with Bridgepoint. Not only does the team believe in our ambition, but they also share the values and culture that define who we are.

“Their investment will empower us to continue attracting exceptional talent and accelerate our expansion into new geographies across Europe, the Americas, and Asia. We are confident that with their support, we can build on our achievements, create even greater opportunities for our people, and deliver enhanced value to our clients.”

Charles Welham, partner and sector head for business & financial services at Bridgepoint, said: “Interpath is a high-quality, differentiated advisory platform with a unique culture, operating in a growing market with significant opportunity for further share gains.

“What excites us most is the opportunity to support its exceptional base of talent and, by enhancing its distinctive people proposition, accelerate the pace at which more leading professionals in their fields join the Interpath platform.

“We are thrilled to partner with Interpath’s outstanding leadership team as they enter their next phase of growth – building a more international and diversified business, and continuing to win share from more constrained and conflicted competitors.”

Nishant Nayyar, managing director at HIG Capital, said: “When we established Interpath five years ago our ambition was to build the leading UK restructuring and financial advisory firm under a world-class management team.

“We are proud to have supported the Company’s strong growth, geographic expansion and diversification during our ownership. We are grateful to our Chair, Tamara Box, and the late John Connolly for their important contributions, and we commend Mark and the broader management team for what they have built. We look forward to Interpath’s continued success in its next chapter.”

Since spinning out nearly five years ago, the firm has diversified into corporate finance and expanded its footprint to 12 countries, including France, Germany, Spain, and Hong Kong, now employing a workforce of around 1,000 people.

Financially, the group has experienced volatility since its independence. After struggling to generate initial profits, Interpath posted a £3.1m pre-tax profit in 2024. However, accounts for the year ending March 2025 reveal a pre-tax loss of £8.1m on revenues of £198.1m. The initial carve-out from KPMG was driven by a broader industry trend to mitigate conflicts of interest, a strategy that has ultimately fuelled the current surge in private equity ownership within the sector.