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Kekst CNC is working with Grant Thornton as it sells its public sector advisory practice to Guidehouse, a portfolio company of Veritas Capital, which invests in companies operating at the intersection of technology and government.
Seth Siegel, CEO of Grant Thornton, says the deal enables his firm to sharpen its focus on its integrated offerings across its audit, tax and corporate advisory offerings.
It also enhances Grant Thornton's capital position and "creates compelling opportunities" for staffers, added Siegel.
The transaction is expected to close by year-end.
Grant Thornton generated $2B in revenues during fiscal 2021. It has more than 9,000 staffers.
Kekst CNC has Daniel Yunger, Nathan Riggs, Anntal Silver, Mark Fallati and Hallie Wolff handling the Grant Thornton deal.
Publicis Groupe owns Kekst CNC.
C Street Advisory handles iRobot Corp as the marketer of the Roomba autonomous vacuum cleaner files Chapter 11 after being squeezed by cheaper competitors.
Joele Frank represents Confluent Inc. as the Mountain View, CA-based data streaming platform company agrees to be acquired by IBM in a deal with an enterprise value of $11B.
Tom Johnson, who has headed H/Advisors Abernathy since 2016, will join FGS Global as global head of private capital & financial services, effective Dec. 16.
Brunswick Group and Gagnier Communications are handling Paramount’s $30 cash per-share offer for all of Warner Bros Discovery, topping Netflix $27.50 cash/stock transaction.
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