Accounting firm Crowe LLP has agreed to sell a majority stake in the business to private equity firm KKR in a transaction valued at nearly $3bn, marking a significant shift for one of the larger US accounting firms outside the Big Four, according to a report by the Wall Street Journal.
Under the agreement, KKR and its co-investors will take control of a majority position, while Crowe’s existing partners will retain a minority stake. The deal is expected to close in the third quarter, subject to...
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