Replicating the culture Grant Thornton advisers are used to at 1825 would pose a "critical" challenge for the two firms if the rumoured deal were to go ahead, a merger and acquisition specialist has warned.
Standard Life Aberdeen's (SLA) advice business 1825 was reported by Sky News last week to be in "exclusive negotiations" to acquire the wealth advisory business of accounting firm Grant Thornton. Any potential deal was said to be worth approximately £30m and would see roughly 100 employees join 1825 upon completion, including "a handful" of partners and around 30 financial advisers. Both firms have declined to comment on the rumours. Soprano Mergers and Acquisitions chairman Stuart Dyer said retaining Grant Thornton advisers who are used to a specific sort of culture would be the grea...
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