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...Grant Thornton is the seventh-largest US accounting firm by revenue and the deal with New Mountain represents the largest private equity investment in the accounting profession, coming hot on the heels of...
...Grant Thornton has not publicly disclosed how much New Mountain is paying for its stake, or how exactly the firm will distribute the proceeds of the investment and the new debt that it will also take on....
...The US arm of accounting firm Grant Thornton has agreed to sell a majority stake to the investment group New Mountain Capital, in the largest of a wave of private equity deals that are reshaping the sector...
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...Last week, Chicago-based Grant Thornton agreed to sell a majority stake to New Mountain Capital in the sector’s largest deal. Baker Tilly secured a $1bn investment led by H&F in February....
...The investment firm has been expanding its presence in Europe and announced in 2022 that it was opening an office in London....
...In his ruling, Castel said that Apollo’s accounting department “deserve[d] significant blame” for the harm done to fund investors but still ruled that Rashid had violated US securities law on investment...
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...It’s an apt message given it will take many more good years for Tiger to be a winning team again, and claw back to its high-water mark....
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...That performance has continued into this year: the S&P 500 index of leading shares hit an all-time high on Friday, driven by strong gains for the largest technology companies....
...The green investment backlash led by US Republicans has led to investment funds pulling more than $13bn from BlackRock, the world’s largest asset manager....
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