CVC Capital Partners, a prominent private equity firm, has shown interest in acquiring a controlling stake in Grant Thornton UK, potentially valuing the business at £1-2 billion. The move follows earlier discussions by Grant Thornton US to acquire its UK and Irish affiliates, though chances of that deal are slim. CVC’s interest is significant as it already owns Teneo, a professional services firm, and may face competition from other private equity firms. Grant Thornton UK remains committed to its multi-disciplinary structure and has not confirmed any active transaction negotiations.
Xeinadin has acquired accountancy firm Jones Harris Limited and its sister company, NWBSC, marking its 26th acquisition in two years. Established over 50 years ago, Jones Harris provides audit, accounts, and tax services, while NWBSC specialises in payroll services across North West England. The acquisition strengthens Xeinadin’s SME-focused service offerings. Both companies’ teams, led by their respective directors, will join Xeinadin, which aims to continue supporting local businesses while benefiting from Xeinadin’s resources and stability in an evolving market.
Saffery is expanding into Leeds, securing new office space at Wellington Place to house its Yorkshire services, including audit, tax, and business advisory. The firm, which has operated in Harrogate since 1992, will maintain its Harrogate presence while leveraging the Leeds office to better serve clients across the region. The new location aims to enhance recruitment and accessibility for clients, positioning Saffery for further growth. The move reflects Saffery’s commitment to its Yorkshire roots while focusing on future expansion in the financial and professional services sector.
Evelyn Partners has strengthened its Independent Financial Adviser (IFA) team with the addition of Ben Sims and Joe Sheehan as business development managers. Sims, previously with LGT Wealth Management, will focus on Central London, while Sheehan, with over 20 years of asset management experience, will handle key national accounts. Their appointments align with Evelyn Partners’ strategy to expand its Managed Portfolio Services (MPS) and Discretionary Fund Management (DFM) offerings to IFA firms. The firm continues to grow its IFA business, supporting around 800 firms across the UK.
