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Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
Chicago-based GT, which is the No. 7 accounting firm, registered $2.4B in revenues during fiscal year 2023, ended July. It has about 10K staffers.
CEO Seth Siegel said the partnership with NMC empowers the firm “to deliver transformational, high-quality outcomes for our clients, our talented team members and the industry as a whole.”
GT will now enjoy “greater scale, resources and agility, while better positioning the firm to make targeted investments in talent, technology, infrastructure and enhanced capabilities,” he added.
New York-headquartered NMC has $50B in assets under management.
The deal is expected to close during the second quarter.
Kekst CNC, which is part of Publicis Groupe, has partners Daniel Yunger and Nathan Riggs, and senior associates Mark Fallati and Hallie Wolff handling GT.
Goldin Solutions' John Eddy represents NMC.
Joele Frank handles Crinetics Pharmaceuticals as the specialist for treatments for endocrine diseases agrees to get acquired by Vertex Pharmaceuticals in a deal pegged at $8.8B.
Teneo represents Honeywell spin-off Solstice Advanced Materials as it buys Collected Strategies client Element Solutions in a deal pegged at $14.5B.
Dallas-based Throughline Global Advisors advised Principal Mineral as it acquired Isola Group, maker of copper-clad laminates used in printed circuit boards.
oele Frank works for satellite operator Iridium Communications as it gets acquired by space company Rocket Lab in a deal worth $8B.
Uber’s Mike Lucarelli is moving to NXP Semiconductors as senior VP-investor relations.
