Grant Thornton could buy parts of BearingPoint
Troubled consulting business viewed as possible acquisition
Grant Thornton chief executive Ed Nusbaum says his firm may bid on parts of
the failed BearingPoint consulting business if they came up for sale.
BearingPoint, which was spun out of KPMG following the collapse of Enron in
2001, filed for Chapter 11 bankruptcy protection last week. The publicly-listed
firm has struck a restructuring agreement with senior secured lenders.
Nusbaum has indicated the world’s sixth-largest accounting firm are
interested in BearingPoint’s government consulting and general consulting
business units, but not the firm’s information technology system implementation
business, according to Reuters.