Grant Thornton New Mountain Capital Deal Sets New Industry Standard

Grant Thornton's partnership with New Mountain Capital is setting a new standard for the industry. This deal marks a significant milestone in the accounting firm's expansion into the private equity space.

Grant Thornton is working closely with New Mountain Capital to provide tailored advisory services to the firm's portfolio companies. This collaboration is expected to drive growth and increase efficiency for these companies.

New Mountain Capital's investment in Grant Thornton is a vote of confidence in the firm's capabilities. The partnership is also a testament to the growing demand for private equity services in the market.

The deal is expected to have a positive impact on the industry, with Grant Thornton's expertise and New Mountain Capital's resources combining to create a powerful force.

Discover more: Fund Administration

New Mountain Capital Fund VII is a fund that focuses on investing in the middle market, with a goal of making significant investments in companies.

The fund was launched in 2015 with a target size of $3.5 billion, and it has since raised over $3.8 billion in capital.

New Mountain Capital Fund VII has a broad investment mandate, allowing it to invest across various industries and geographies.

The fund's investment team has a proven track record of success, with many team members having previously worked together at New Mountain Capital.

New Mountain Capital Fund VII has made significant investments in companies such as HealthEdge and Core Solutions.

The fund's investment strategy is focused on partnering with management teams to drive growth and value creation in portfolio companies.

Worth a look: Pine Mountain Georgia

Grant Thornton is planning to sell a majority stake to New Mountain Capital, a private equity firm based in New York. The transaction is expected to be finalized in the second quarter of 2024.

This move is not unique to Grant Thornton, as other accounting firms are also exploring alternative practice models and seeking external investment to fuel their growth and adaptability. The partnership with New Mountain Capital will provide Grant Thornton with the resources and strategic guidance it needs to navigate the evolving industry landscape.

The sale is subject to regulatory approval and other standard closing conditions, highlighting the importance of careful planning and execution in such transactions.

On a similar theme: New Mountain Finance Corporation Stock

A private equity takeover just got a lot bigger, with a deal closing on $15.4 billion. This massive sum is a testament to the power of private equity firms in shaping the business landscape.

The takeover involved a company that was struggling to find its footing in a rapidly changing market. With the influx of capital, the company's future is looking brighter.

The private equity firm's strategy was to inject fresh capital and implement operational improvements. This approach has proven successful in many cases, leading to significant increases in profitability.

The deal was finalized after months of negotiations, with both parties agreeing on the terms. The private equity firm's expertise and resources will now be brought to bear on the company's operations.

The company's valuation was a key factor in the deal, with the private equity firm paying a premium for the business. This move is a vote of confidence in the company's potential for growth.

The takeover is expected to create new opportunities for the company's employees and customers. As the company continues to evolve, it will be interesting to see how these stakeholders benefit from the deal.

Grant Thornton is preparing for a private equity takeover, with plans to sell a majority stake to New Mountain Capital by the second quarter of 2024.

This move is not unique to Grant Thornton, as firms across the accounting landscape are exploring alternative practice models and seeking external investment to fuel growth.

The partnership with New Mountain Capital is expected to provide Grant Thornton with the resources and strategic guidance to navigate the evolving industry landscape.

Firms are increasingly turning to private equity firms for investment, allowing them to adapt to changing market conditions and stay competitive.

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