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Grant Thornton explores potential private equity investment

Private Equity Insights

The professional services firm is said to be in discussions with potential buyers and is working with advisers from Rothschild to evaluate its options. While economic conditions led to modest growth in advisory and tax services, the firms audit practice achieved strong performance gains throughout the year.

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Cinven to make acquire majority stake in Grant Thornton UK

Private Equity Wire

Private equity firm Cinven is to make a majority investment in Grant Thornton UK, one of the leading diversified professional services firms offering audit, tax, and advisory services in the UK, with the firm’s UK Partners retaining a significant holding in the business.

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Apax acquires Evelyn Partners’ accounting arm for £700m

Private Equity Wire

Evelyn Partners will now transition into a pure-play wealth manager, shedding its accounting and professional services operations. While Bridgepoint also pursued the acquisition, it ultimately made a lower bid than Apax, according to the reports.

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PSP and OTPP Selling $1 Billion-Plus PE Stakes

Pension Pulse

Chris Witkowsky of Buyouts reports Canadian giant PSP Investments shops $1 billion-plus portfolio: PSP investments is shopping a large portfolio of fund stakes that could total up to around $1.5 In recent years, Investcorp has established itself as a partner of choice for ambitious professional services organizations seeking to grow.

Stakes 59
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2 Unstoppable Dividend Stocks Yielding More Than 9% That Income-Seeking Investors Will Want to Buy in October and Hold Forever

The Motley Fool

Around 31% of Ares Capital's investments are equity stakes or fixed-rate loans. Pennantark Floating Rate Capital doesn't have any fixed-rate debt on its books, and equity stakes account for just 13% of its portfolio. At the end of June, professional services was its largest industry concentration, at 7.8%

Investors 245
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Why Accenture Stock Topped the Market on Thursday

The Motley Fool

What happened Storied professional services company Accenture (NYSE: ACN) is leaping into a cutting-edge segment of the tech world, and investors were happy about the development. It also did not disclose whether it now holds an equity stake in the business. Accenture made the investment through its Accenture Ventures arm.

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Main Capital Partners acquires majority stake in IDP software provider Whitevision

Private Equity Wire

Software investor Main Capital Partners has acquired a majority stake in Whitevision, a Dutch provider of intelligent document processing software. It serves more than 1,600 customers across construction & installation, professional services, technology, logistics and the automotive industries.

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