Accenture puts its $1.5 billion China unit under review after unsolicited approaches

Accenture has reportedly hired JPMorgan to run a strategic review of its Greater China business after it has received unsolicited approaches for the unit over the past year. According to the Financial Times, people familiar with the matter said the business could be valued at as much as $1.5 billion. Accenture didn’t reply to a request sent outside of business hours. JPMorgan declined to comment. Hong Kong and Taiwan sit inside the unit up for review Accenture’s website lists mainland China, Hong Kong and Taiwan under the Greater China unit. Private equity groups and a few strategic buyers are the expected suitors. If the deal is done, Accenture may retain a significant minority stake in the business. The $1.5 billion price tag is for the China unit alone.

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