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Grant Thornton Spain joins platform led by U.S. fund New Mountain Capital to challenge the 'Big Four'

Updated

They will sell their shares to the platform led by the U.S. fund

Grant Thornton's President, Ramón Galcerán.
Grant Thornton's President, Ramón Galcerán.AP

Grant Thornton Spain will join the multinational platform of professional services firms Grant Thornton Advisors, based in the United States and backed by a group of investors led by New Mountain Capital, as announced by the company in a statement on Monday.

This addition will allow them to grow in the coming years with expansion into new markets and the addition of new services, to provide greater added value to their clients.

Grant Thornton Spain's President, Ramón Galcerán, explained to Europa Press that this operation, whose amount has not been disclosed, does not mean that the company is leaving the firm, but they have now started sharing a common legal platform. "The Spanish firm has gained a lot of relevance in the international network," he celebrated.

The platform will provide the firm's professionals and teams with advanced technologies and establish new professional development opportunities for their current and future talent, maintaining everything that has made the company a key player in the professional services market in Spain.

In addition to Spain, Grant Thornton Advisors also announced on Monday the addition of Grant Thornton France and Grant Thornton Belgium to the platform, demonstrating, according to the firm, a "very rapid" expansion of its operations in Europe.

These new additions join the firms that were already part of the platform conglomerate: Grant Thornton Ireland, United Arab Emirates, Netherlands, Switzerland/Liechtenstein, Luxembourg, Cayman Islands, and Channel Islands.

The company explained that this is an operation that decisively expands the seamless connectivity that these firms will have and clearly reinforces their capabilities and service reach throughout Europe.

"Clients will benefit from even broader access to high-quality services, sector expertise, and innovation, further strengthened by significant investments in technology and talent," highlighted Grant Thornton Spain.

"This platform has already shown clear benefits for the firms that are part of it, and by being part of it, we will decisively boost our growth with unprecedented access to new technologies, knowledge and capabilities, and large-scale capital and investment," stated Grant Thornton Spain's President, Ramón Galcerán.

Meanwhile, the CEO of Grant Thornton Advisors LLC, Jim Peko, emphasized that the platform's expansion in France, Spain, and Belgium marks a "decisive" chapter in the company's journey and represents a "radical" change in how the sector serves clients.

In recent weeks, Grant Thornton Advisors has also announced operations to strengthen its advisory offering. Among them, Auxis, a pioneer in outsourcing services and business modernization, and Stax, specialized in commercial due diligence and value creation for the private equity sector.