The shake-up of Britain’s big four audit firms is to continue in earnest when Deloitte unveils the sale of its restructuring arm to Teneo, a strategic consulting firm which advises many of the UK’s biggest companies.Sky News has learnt that Teneo, which is backed by the private equity firm CVC Capital Partners, is in advanced talks to acquire the Deloitte business, which has been acting as administrator to the former retail empire of Sir Philip Green.
City sources said the deal could be announced as early as next week.Deloitte operates one of the largest restructuring businesses in the …
