A former boss of the consultancy agency BCG is being drafted in to chair one among Britain’s largest auditors by its new personal fairness backers.
His appointment will come practically 9 months after Grant Thornton’s UK companions voted to approve the sale of a majority stake within the agency to Cinven, the buyout agency.
The deal, which was understood to worth the accountancy agency at about £1.5bn, fashioned a part of a rush of offers within the skilled companies sector.
Mr Quickenden has a powerful pedigree within the trade, and now additionally serves as chairman of Octopus Investments, a backer of myriad early-stage firms.
Grant Thornton UK sits just under the ranks of the large 4 audit corporations, a bunch comprising Deloitte, EY, KPMG and PricewaterhouseCoopers.
In its final monetary 12 months, Grant Thornton’s roughly 250 UK companions earned common pay packets of £682,000.
The agency audits a lot of FTSE-350 firms, whereas its restructuring division is the administrator to Greensill Capital, which is concerned within the liquidation of Sanjeev Gupta’s Speciality Steels UK.
A string of offers has taken place in current months throughout the skilled companies sector, together with AlixPartners elevating new debt financing in an oversubscribed deal and MHA – the UK arm of Baker Tilly – floating on the London Inventory Trade.
Cinven declined to touch upon Thursday.
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