The sale of PwC Australia’s public consulting arm to private equity investor Allegro Funds has been approved by the Foreign Investment Review Board, clearing the way for the new company to officially begin operations from November 13.
The unconditional approval of Scyne Advisory announced on Monday was the final hurdle for the company after the powerful Finance Department said the new firm could take on the federal government contracts of its predecessor and accept new Commonwealth work in mid-October.
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Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Connect with Edmund on Twitter. Email Edmund at edmundtadros@afr.com.au
