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Grant Thornton is reportedly seeking a private equity investor to buy into the business, according to reports from The Sunday Times.
The firm is reportedly looking into a deal where the UK company’s audit arm would remain majority-owned by its 220 partners.
It comes as part of a trend of deals in the sector including Grant Thornton’s US arm selling a stake to investment firm New Mountain Capital.
Research this year showed ten of the 30 largest US accountancy firms could fall into buyout firms’ hands.
A spokesperson for Grant Thornton UK said: “As all businesses do, we continually evaluate the external business and economic landscape and explore various avenues that will drive growth for our firm.
“This enables us to make informed decisions about what’s best for our people, our clients and our firm. We are not actively engaged in any such transaction. We will not be commenting further on this matter.”
Last year Grant Thornton saw its sales jump 7% to £654m while its profit rose to £146m, meaning profits per partner hit £644,000.
