Grant Thornton has been handed a £5m credit line by RBS so that it can move
quickly on acquisition targets.
RBS said in a statement: ‘RBS together with Barclays, have provided the firm
with a £5m acquisition finance line to support Grant Thornton UK’s strategy of
opportunistic but strategically aligned acquisitions to support their growth
Recently, the mid tier firm made a successful swoop for Debt Matters’
Individual Voluntary Arrangements book.
Michael Hayman, Partner at Grant Thornton said: ‘The accountancy and business
advisory market remains active in the UK, and we want to be best placed to take
advantage of opportunities as and when they present themselves. This acquisition
line provides us with the flexibility to react quickly and purchase operations
that provide synergies to the business and additional revenue streams.’
UK senior partner Phil Verity has been elected for a second term at Mazars
Tallat Mahmood appointed to corporate finance team of Top 20 firm
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes
Top Ten firm RSM has appointed Nick Blundell as its head of corporate tax in Birmingham