BDO adds 65 Grant Thornton professionals in Austria

14 October 2015

BDO has poached nearly half of Grant Thornton’s staff in Austria. Through the manoeuvre, the professional services firm increases its number of partners by a third in the country and brings it a step closer to the level of the Big Four.

BDO Austria, part of the BDO International network, has significantly expanded its operations in the country as it snapped up 65 professionals, including 10 partners, from Grant Thornton. The coup on Grant Thornton’s ranks sees BDO’s headcount increase to more than 500 of which 40 are partners. The new staff, which have joined the firm's 5 offices across Austria, will add further accounting and consulting expertise to the firm’s clients in the areas of construction, not for profit, real estates, trade and commerce, and technology industries.

“I want to welcome the former Grant Thornton partners and staff to BDO Austria,” says Hans Peter Hoffmann, Managing Partner of BDO Austria. “This is a major step that enhances our service offerings in the Austrian market. This expansion means that our firm is gaining not only leading industry experts with a strong reputation across the region for excellence, but also a number of prominent clients nationwide. With a new headcount of 500 staff and 40 partners, BDO is well placed to provide exceptional client service to family-owned businesses and leading middle market companies throughout Austria.”

BDO adds 65 Grant Thornton professionals in Austria

“Our clients will continue to receive the local, hands-on service they value, but will now have access to the wider array of services and resources that BDO's extensive global network provides,” adds Andreas Bernhart, a former Grant Thornton Partner. “BDO’s workplace culture also fits well with our emphasis on work/life balance and our people will now have access to many more opportunities to pursue career growth.”

Anders Heede, CEO Europe, Middle East and Africa at BDO, adds his congratulations to BDO Austria: “This step further cements our Austrian firm’s standing in the marketplace and will build on their already impressive performance in recent years. This is further testament to BDO’s successful commitment to consolidation in the audit marketplace.”



SQW Group purchases property-based regeneration consultancy

19 April 2019

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”