Vedder Price is pleased to announce that it served as a regulatory counsel to Grant Thornton LLP in connection with the creation of an alternative practice structure, and the investment by New Mountain Capital in the Grant Thornton enterprise.

This investment and new partnership with New Mountain Capital will help enable Grant Thornton to deliver outstanding and high-quality outcomes for its clients as well as solidify the company as being the industry’s platform of choice.

“We were happy to collaborate with and assist Grant Thornton and its other advisors in this transaction as the accounting firm looks ahead to their future,” said Vedder Price Shareholder Steven Berger. “We believe this transaction will facilitate Grant Thornton in accomplishing its short- and long-term strategic goals, and we look forward to assisting them as they continue to grow their firm.”

The transaction is subject to standard closing conditions, and is expected to close in the second quarter of this year.