Full coverage: Grant Thornton

Lenders to the Camden Yard project have lined up Grant Thornton to act as receiver on the project if ongoing negotiations falter.

The Irish accountancy sector is in the middle of an unprecedented shake-up. Feargal McCormack was one of the first to see the opportunities offered by private equity firms two years ago. Others like Grant Thornton are following suit.

Grant Thornton Ireland’s advisory and tax business is being acquired by its PE-backed US counterpart. The deal follows months of behind-the-scenes negotiations and comes after the firm examined several other options with Deutsche Bank.

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.

With cost increases outpacing revenue growth, a string of restaurants are closing. Restaurants and insolvency professionals outline the issues in the sector and offer advice on navigating the problems.

Chief executive Jamie O’Rourke is bidding to retain control of Mainline Power, the Cork-based electrical engineering services firm that is currently in examinership. He faces competition from two potential trade buyers.

Months before it went public three years ago, British diagnostics firm LumiraDx established a business in Ireland. Its fortunes have fallen since then, and the Irish unit is now being liquidated.

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.

Court filings and company documents reveal the battle to keep the Health Store retail chain alive and shed light on what went wrong for the retailer.

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?