BDO and PKF flirt with merger
The UK’s sixth largest audit firm BDO is reported to have agreed a deal in principle to acquire rival firm PKF.
As reported in the Daily Telegraph, the deal will see PKF’s UK business separated from PKF International and incorporated into BDO.
The article references the managing partner of PKF, Martin Goodchild, agreeing to the broad terms off a deal. Goodchild is yet to put this to the firm’s 70 UK partners, but the agreement could include an “equity sweetener” for PKF’s partners - offered in the form of a guaranteed profit share scheme.