Takeover

Grant Thornton US and UK arms in race to acquire German counterpart

Grant Thornton’s UK and US firms are competing to acquire their German counterpart in a private equity-led push to consolidate the network’s international structure, according to the Financial Times. People familiar with the matter told the FT that Grant Thornton Germany is reviewing bids from both parties. The contest reflects…

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Cooper Parry enters NI market with CavanaghKelly takeover

Cooper Parry has acquired CavanaghKelly in a move that marks the accountancy group’s entry into the Northern Irish market. The deal is Cooper Parry’s 15th acquisition in just over two years and its third since partnering with New York-based Lee Equity Partners in December 2024. CavanaghKelly, based in Northern Ireland,…

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Today’s news in brief – 18/3/2025

Xeinadin has acquired Raffingers, a top 100 London-based accountancy firm, in its largest acquisition to date. This move adds 70 team members and follows recent acquisitions of Landmark Accountants and CB Reid. Raffingers specializes in recruitment, charity, property, and construction sectors, offering services like COP8 and COP9 HMRC enquiries, corporate…

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Xeinadin marks biggest acquisition yet with Raffingers takeover 

Xeinadin has announced that Raffingers, a London-based top 100 accounting firm, has joined the company, marking Xeinadin’s largest acquisition to date.The move adds 70 new team members and follows the recent addition of Landmark Accountants and CB Reid, further strengthening its position in the small business advisory space.   Raffingers is…

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Today’s news in brief – 4/3/2025

Partners Wealth Management (PWM) has acquired Johnston Carmichael Wealth for an undisclosed amount. This acquisition brings PWM’s total assets to £6bn, managing 5,500 clients. Johnston Carmichael Wealth, based in Aberdeen, managed £855m for 1,500 clients and will retain its existing team, led by Craig Hendry. The deal strengthens PWM’s position…

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PKF Littlejohn supports Fintech Asia on ICFG deal

PKF Littlejohn has revealed that it has supported Fintech Asia Limited on its acquisition of ICFG Pte. Ltd. Alongside this, the firm supported the admission of the Enlarged Share Capital to the equity shares (transition) category of the Official List pursuant to UKLR, and to trading on the Main Market…

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Today’s news in brief – 28/8/2024

WR Partners has acquired Shrewsbury-based Caerwyn Jones Chartered Accountants, marking a significant step in its growth strategy. Headquartered in Shropshire, with offices across Mid-Wales, Wrexham, and Cheshire, WR Partners provides services to over 6,500 clients. The acquisition strengthens its presence in Shropshire and Mid-Wales, adding staff from Caerwyn Jones to…

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Money laundering cases reaching courts on the rise, KPMG finds

Money laundering cases reaching the UK crown courts are on the rise, with nine cases collectively worth £128.2m heard so far this year, according to new figures from KPMG UK’s mid-year Fraud Barometer.  Money laundering has been the most common fraud type by value in the last six months, and…

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Haysmacintyre advises CRISM on reverse takeover of Extruded

Haysmacintyre has provided reporting accountant services for CRISM Therapeutics Corporation’s reverse takeover of Extruded Pharmaceuticals Limited. The transaction was valued at £5.5m and was settled through the issuance of 23,939,986 new ordinary shares in CRISM Therapeutics Corporation, formerly known as Amur Minerals Corporation. CRISM Therapeutics Corporation, is a “pioneering entity”…

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Hudson Weir appointed administrators of London Lions basketball team

Hasib Howlader and Nimish Patel, of Hudson Weir, have been appointed as joint administrators of London Lions, the British professional basketball team based in Stratford. Howlader and Patel will now run the business until a suitable buyer can be found. The team, which competes in the league formerly known as…

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