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Full coverage: Accountancy

Grant Thornton UK’s sale is the latest example of private equity’s fervent demand for professional services

New Mountain Capital, the bankroller behind Grant Thornton's Irish and US merger, weighed up adding the UK arm too – but another private equity firm has beaten it to the punch.

Michael Cogley
20th Dec, 2024 - 5 min read

Change, opportunity and geopolitics: Next KPMG boss McCarthy on road ahead

Ryan McCarthy will replace Seamus Hand as managing partner of KPMG next May. He explains why he went for the role, outlines areas of growth for the firm, and talks about the changing accountancy landscape.

Ian Kehoe
17th Dec, 2024 - 2 min read

“My mantra? ‘I don’t care how much you know until I know how much you care’”

Feargal McCormack built one of the largest accountancy firms in the North from the ground up, before selling it to private equity. He talks about his journey, how Brexit impacted Anglo-Irish relations and maintaining “work-life harmony”.

Ian Kehoe
31st Oct, 2024 - 10 min read

Deloitte’s Harry Goddard: “Ireland is at a very exciting time where we have companies really looking to scale”

Deloitte is now the largest professional services network in the world and one of the big-four firms in Ireland. Managing partner Harry Goddard talks about its record financial performance, its future strategy and investing in Ireland.

Tom Lyons
26th Sep, 2024 - 10 min read

From the vaults: The people and issues in Ireland’s accountancy sector

Over the last five years, The Currency has sought to chronicle the business of accountancy in Ireland. We have spoken to the key figures in the sector, from managing partners to industry leaders. We have also written extensively on the wave of consolidation within the industry, and the impact of private equity in the sector.

Ian Kehoe
20th Sep, 2024 - 10 min read

“Our goal is to create a large dominant player in the SME space”

Under his watch, Ifac has increased revenues from €15m to almost €40m through growth and acquisition. Now John Donoghue plans to make the farmer-owned accountancy co-op a dominant player in the SME market.

Ian Kehoe
12th Sep, 2024 - 12 min read

US private equity is eying up Grant Thornton in Ireland: How would it work, and will it go ahead?

Having acquired a majority stake in Grant Thornton’s US business, Dublin is a next logical step for New Mountain Capital. However, any transaction involving the firm’s Irish operation will be complex.

Ian Kehoe
18th Jul, 2024 - 4 min read

Private equity has marched into the US and UK accountancy sector. Could the next stop be Grant Thornton in Ireland?

Grant Thornton's UK arm is considering taking on PE investment, a move that has become familiar in the US. Could its Irish business also come into play?

Michael Cogley
10th Jul, 2024 - 3 min read

Roberts Nathan is merging with one of Britain’s largest accountancy groups – This is why

Roberts Nathan, founded in 1997, is a respected mid-sized Irish accountancy firm. Following its merger with MHA, it will enter the Baker Tilly global network, targeting both organic growth and further acquisitions.

Tom Lyons
14th May, 2024 - 3 min read

A “generational challenge” to attract new entrants: The rationale for the merger of two accountancy bodies

The Institute of Certified Public Accountants in Ireland is set to join forces with Chartered Accountants Ireland. The proposed scheme “offers the best pathway forward for the future”, the Commercial Court heard on Monday.

Francesca Comyn
22nd Apr, 2024 - 2 min read
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