EY has entrusted Mike Parr with leading its mergers and the acquisitions consulting business in the U.K. and Ireland.

EY’s M&A consulting business is known as the TS&E group internally.  It’s part of EY-Parthenon, the Big Four firm’s strategy consulting practice, which has more than 9,000 employees worldwide.

Mike Parr is taking over reins at the TS&E group from Alex Gaunt, who is leaving EY after a 25-year career at the Big Four firm. He spent 7 of those years at the helm of the TS&E group.

“I’m very excited about the growth potential of the EY-Parthenon business and of the richly diverse skills within TS&E,” Parr commented. “These skills will be vital in helping our clients navigate ongoing market uncertainty as well as supporting them expand and develop their businesses in a sustainable, diverse and innovative ways.”

Like his predecessor, Parr has spent the past quarter century working at EY. He joined the Big Four firm immediately after graduating and has been a part of the TSE team leadership team since 2016.

One of Parr’s areas of specialties is due diligence.

Before a company buys another firm, it has to make sure that the firm’s books are in order, its IT systems are set up property and  everything else is working just like it says on the label. The process of ensuring a potential acquisition target ticks every box is known as due diligence and is usually entrusted to outside consultancies like EY.

Besides due diligence, EY’s TS&E group also provides sell-side services. 

When a company is selling a subsidiary or spinning it off into a standalone firm, that subsidiary’s IT systems need to be separated from the corporate network of its former parent. EY can manage that process and also make the subsidiary independent in other areas where it previously depended on its parent firm.

As head of EY’s M&A consulting group in the UK and Ireland, Parr will also oversee its activities in the value creation market. Value creation is the process through which a consultancy helps investors raise the selling price of companies they buy by making those companies more profitable. 

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