Reported 3 months ago
Grant Thornton's UK arm is exploring a potential stake sale, working with Rothschild & Co. to assess strategic options. The move comes amidst a growing investor interest in the professional services sector. The business could be valued at over £2 billion ($2.6 billion), attracting private equity firms. Grant Thornton UK reaffirmed its commitment to remaining a multidisciplinary firm and clarified that it is not actively pursuing a transaction, while Grant Thornton Ireland is also exploring options but is not up for sale. These considerations follow New Mountain Capital acquiring a significant stake in Grant Thornton's US arm earlier this year.
Source: YAHOO