Grant Thornton UK picks private equity over US merger

Grant Thornton UK picks private equity over US merger

Accounting firm agrees to sell stake to buyout group Cinven

Grant Thornton UK Picks Private Equity Over Merging With Its US Cousins

Finally, Grant Thornton UK has picked a private equity firm to whore itself out to. We can only hope this means that the UK media — looking at you, The Times — will stop cranking out hype pieces about how private equity firms are battling it out to win GT’s PE deal. It seems all that hype worked out for GT given that bidding exceeded the firm’s revenue by £646 million, a nearly 2x multiplier. Wrote FT of GT UK’s deal: Grant Thornton UK, the cou…