Professional services firms’ future hinges on private equity, Kroll chief says Prof Services Private equity has been rewiring the professional services industry over the last few years, and with the sector undergoing enormous disruption from AI, stagnant growth, and a highly competitive market, PE investment is increasingly becoming a lifeline for firms to stay afloat. According to Jacob Silverman, chief executive of advisory and consultancy firm Kroll, private [...]
‘Clients pay for expertise, not process’ – Grant Thornton rolls out Anthropic AI Accountancy Professional services giant Grant Thornton is rolling out Anthropic across its entire UK workforce as the firm seeks to embed AI in its services at a time when the technology is upending the industry. The accountancy firm’s UK arm said it will roll out Anthropic’s generative AI service, Claude, to all partners across its audit, [...]
Ex-KPMG led accounting giant stalls £1bn sale Accountancy One of the UK’s largest accounting firms founded by a former KPMG head has put a £1bn auction on hold despite receiving a wealth of interest from investors. Sumer, a ‘consolidator’ firm that buys majority stakes in smaller independent accounting companies, had hired advisors at boutique advisory Continuum last September to oversee a review on [...]
Grant Thornton snaps up Australian sister firm as part of global push April 29, 2026 Professional services giant Grant Thornton US is set to acquire the firm’s Australian counterpart to become part of its global advisory platform, boosting the private equity-backed player’s global reach. Grant Thornton US said the transaction was “recommended by the board and would close later this year, subject to shareholder partner approval and standard regulatory conditions.” [...]
Private equity investment fuels major overhaul of Grant Thornton’s associate scheme April 29, 2026 Professional services giant Grant Thornton is launching a “brand new associate programme” for its 2027 cohort of associates, City AM can reveal, as private equity investment from Cinven sets the firm’s ambition for significant growth. The firm voted in favour of an investment from private equity firm Cinven in 2024. Speaking to City AM, Abigail [...]
PE-backed Grant Thornton defies market trends with recruitment drive November 18, 2025 Private equity-backed accountancy giant Grant Thornton is bucking the trend in the professional service market with its plans to recruit 160 new partners over the next two years. Back in December, the firm’s partners unanimously voted in favour of an investment from private equity firm Cinven in a deal expected to value the firm at up to [...]
Branston maker buys Liverpool’s iconic Royal Liver Building in cut-price deal July 22, 2025 Princes, the food group behind the likes of Branston, Olivio and Batchelors, has acquired Liverpool’s iconic Royal Liver Building in a cut-price deal. The company has purchased the building for £60m, three years after it was put up for sale for £90m. The sale was called off in November 2022 due to a lack of [...]
Motorsport Valley a £16bn jewel in crown of UK, new report says June 24, 2025 A new report has today described Motorsport Valley as a “jewel in the crown of UK manufacturing” as the area celebrates £16bn in turnover. The area, which takes in the Midlands and Oxfordshire as well as the Silverstone hub, is the epicentre of much of the UK’s advanced manufacturing, and home to a number of [...]
Grant Thornton UK partners green light private equity deal with Cinven December 16, 2024 Accountancy giant Grant Thornton UK partners have "unanimously voted in favour" of investment from private equity firm Cinven
UK’s largest nightclub operator Rekom owed over £120m as it collapsed into administration and cut 470 jobs February 19, 2024 The UK's largest nightclub operator owed more than £120m as it collapsed into administration and cut almost 500 jobs before a rescue deal was agreed.