Grant Thornton’s US Unit Weighs Buying UK, Irish Affiliates: FT

Grant Thornton’s US business has discussed a possible deal to acquire the accounting group’s UK and Irish affiliates, the Financial Times reports, citing people familiar with its proposal.

• Discussions remain at an exploratory stage
• Under the three-way merger plan, the current partners of the UK and Irish firms would become shareholders in an international holding company led by Grant Thornton’s US private equity owners and partners
• A spokesperson for Grant Thornton UK declined to comment on the merger plan, but said it always explored “avenues that will drive growth for our firm”: FT
  • Grant Thornton Ireland provided a similar statement ...