Grant Thornton US Buys Sister Firms in France, Spain, Belgium:FT

Grant Thornton’s US business agrees to buy its sister firms in France, Spain and Belgium, the Financial Times reports, citing people familiar with the matter.

• Announcement could come as soon as Monday
• The three European firms together have annual revenue of €423m, about 6% of Grant Thornton global network
• Grant Thornton US has “no intention of trying to roll up the entire Grant Thornton international network,” FT cites CEO Jim Peko as saying
• NOTE: Sept. 10, Cinven Enters Partnership With Grant Thornton Germany; No Terms

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