Simpson Thacher is representing Grant Thornton Advisors LLC (“Grant Thornton Advisors”) in connection with its intention to expand by adding Grant Thornton Poland — a move that will deepen the platform’s footprint in Europe and signals its continued investment in cross-border professional services.
The transaction, backed by an investor group led by New Mountain Capital, will bring Grant Thornton Poland’s more than 1,200 professionals and US$70 million in annual revenue into a platform of 14 firms worldwide, eight of which are based in Europe — namely Grant Thornton firms in Ireland, France, Spain, Netherlands, Belgium, Luxembourg, the Channel Islands and Switzerland/Liechtenstein. The expansion in Europe complements the platform’s growing presence in the Americas, the Middle East and Asia-Pacific, where recent transactions include firms in the Cayman Islands, the United Arab Emirates and New Zealand. The platform has also added specialized US firms such as Auxis, a pioneer in outsourcing and business modernization, and Stax, a leader in commercial due diligence and value creation. Simpson Thacher has represented Grant Thornton Advisors in connection with each of these transactions.
The transaction remains subject to finalization of definitive documentation and regulatory approval.
The Simpson Thacher team includes Ben Schaye, Daisy Wu, Malik Ladhani, Jamie Freedman, Amy Zhou and Richard Starik (M&A); Linda Barrett, Andrew Blau, Allison Sutherland, John O’Neill, Nicolas Deguines, Taylor Nicole Todd and Benjamin Faber (Executive Compensation and Employee Benefits); and Andrew Purcell, Adam Hersch and Roberto Arza (Tax).