Grant Thornton Advisors LLC (together with its affiliates, Grant Thornton Advisors), New Mountain Capital, and CBIZ, Inc. (CBIZ) have announced that Grant Thornton Advisors completed its acquisition of CBIZ with an enterprise value of US$5 billion. The combination creates the fifth-largest US provider of professional services, tax, and advisory offerings, with more than US$5 billion in annual domestic revenue. It also marks the completion of the largest transaction of its kind in more than 25 years.
Latham & Watkins LLP represented certain of the financing sources supporting the acquisition with a team led by partners Stelios Saffos, Global Chair of Latham’s Capital Markets and Hybrid Capital practices, Peter Sluka, Global Co-Chair of the Hybrid Capital Practice, and Andrew Blumenthal, with associate Ian Lachow. Advice was also provided on tax matters by partner Pardis Zomorodi.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
