Accenture explores Greater China sale with potential US$1.5 billion value
The Financial Times reported that JPMorgan is overseeing a review, with Accenture potentially retaining a minority holding if a sale proceeds.
Accenture is weighing whether to sell its Greater China business at a potential valuation of up to US$1.5 billion, the Financial Times reported. JPMorgan has been hired to oversee a strategic review after unsolicited approaches over the past year, the newspaper said, citing people familiar with the matter.
The FT identified private equity firms and a few strategic buyers as likely bidders. Accenture might retain a substantial minority interest to preserve continuity for clients, but the review does not guarantee a transaction. Reuters received no immediate response to comment requests sent to Accenture and JPMorgan outside normal business hours.
Accenture's website defines the unit's territory as mainland China, Hong Kong and Taiwan. The FT put revenue from the company's broader Asia-Pacific operations at about US$10 billion last year.
Asset sales are among Accenture's options for raising money, chief financial officer Angie Park said at a recent investor event, according to the FT. Park said the company has previously exited activities that did not satisfy its strategic objectives or return requirements.
On October 14, Accenture announced plans for about US$8 billion in acquisitions during fiscal 2027, including the deal for industrial security firm Dragos. The company also aims to distribute at least US$9.5 billion to shareholders next year. The FT said a disposal in China could contribute funding toward those plans.
