Irish division of Bearing Point part of management buyout

THE Irish division of Bearing Point – the international IT and management consultancy formerly part of KPMG Management Consultants – is to form part of a near €70 million European-wide management buyout (MBO) of the company’s EMEA (European, Middle East and Africa) operations.

While it is not known how much Bearing Point Ireland will contribute, each of the company’s European subsidiaries will take part in the buy-out – due to cost a total of €69m.

The company employs 200 people in Dublin, an office which contributes €30m to Bearing Point International’s €500m annual revenues.