Cinven to acquire a majority stake in Grant Thornton Germany.

Cinven, a private equity firm, agreed to acquire a majority stake in Grant Thornton Germany, an audit and advisory firm. Financial terms were not disclosed. “With its broad client base and clear focus on the international upper mid-market, Grant Thornton Germany is already strongly positioned. We aim to support the management team and partners with our expertise and, via targeted investments, to harness the opportunities of digitalisation and new technologies for the benefit of their clients – ensuring Grant Thornton Germany remains a frontrunner in innovative audit and advisory services. Demand for high-quality audit in Germany continues to grow. Together we can help meet that demand,” Bruno Schick, Cinven Co-Managing Partner and Head of the DACH team, and Maxim Crewe, Cinven Partner and Head of Financial Services Sector team.