Private equity giants circle Grant Thornton

Private equity firms are reportedly preparing to make bids for Grant Thornton, the sixth-largest accounting firm in Britain, potentially initiating a formal sale process as early as next month. CVC Capital Partners, known for its ownership of the La Liga football league, is actively evaluating the UK division of Grant Thornton, which employs approximately 5,500 staff members. In addition to CVC, KKR, a prominent US private equity firm, has also shown interest in the accountancy firm in recent weeks. However, sources familiar with the situation indicate that KKR's current level of interest remains uncertain. The involvement of these major players highlights the growing interest in Grant Thornton's operations and market position. Grant Thornton is being advised by Rothschild & Co. as it explores potential investment opportunities. The firm has reportedly been reaching out to various private equity firms to discuss the possibility of acquiring a stake in the company, signaling its openness to external investment. As the landscape of the accounting industry continues to evolve, the potential acquisition of Grant Thornton by private equity firms could reshape the competitive dynamics within the sector. Stakeholders are closely monitoring developments, as a sale could have significant implications for the firm and its employees.