Interpath CEO talks may shift restructuring business to Grant Thornton

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Interpath CEO may join Grant Thornton

Highlights

Interpath UK chief executive Blair Nimmo Wright is in talks to join Grant Thornton with several team members amid leadership tensions following Bridgepoint's £800 million acquisition.
Wright, a key rainmaker for Interpath, is expected to decide in the coming days after a counter-offer, with his potential move seen as strengthening Grant Thornton's restructuring ambitions.
Grant Thornton, which sold a majority stake to Cinven last year, is targeting 160 partner hires by end-2027 to boost its competitive advisory growth.

Leadership tensions follow Bridgepoint deal

As first reported by the Financial Times, Wright, Interpath's UK chief executive, is in talks over an offer to join Grant Thornton alongside several members of his team. Three people familiar with the matter say the discussions follow months of tensions between Wright and Interpath global chief executive Mark Raddan.

Interpath has made a counter-offer to Wright, according to two of those people, and one says he is expected to decide in the coming days whether to leave. Wright has been a key rainmaker for the business, winning mandates on high-profile insolvencies including Claire's Accessories and TGI Fridays.

Wright and Raddan were among the KPMG partners who led the separation of the restructuring arm from the Big Four firm in 2021, alongside Blair Nimmo. Raddan later led Interpath through its sale this year to Bridgepoint in a deal valuing the firm at about £800 million, roughly double what previous owner HIG Capital paid when it bought the business from KPMG.

Company filings show Wright was removed as a director in July, months after the Bridgepoint transaction. Two people familiar with the relationship say ties between Wright and Raddan worsened after the deal, partly over the firm's expansion strategy and how it should be carried out.

Possible move could bolster Grant Thornton growth plans

For Grant Thornton, hiring Wright would strengthen an effort to expand its restructuring practice in a competitive advisory market. The accounting firm sold a majority stake to private equity group Cinven last year and is targeting 160 partner hires by the end of 2027.

Interpath has been broadening its business since the KPMG spinout, moving beyond restructuring into adjacent services such as corporate finance advice. The firm now has more than 1,000 employees and has opened offices in markets including France, Germany and Hong Kong.

The potential departure also comes months after Raddan was fined for breaching confidentiality rules before KPMG sold the business. Interpath and Wright do not immediately respond to requests for comment, while Raddan declines to comment. Grant Thornton says its partner hire programme is public but it does not comment on individual candidates out of respect for them and their current firms.

Our earlier article on KPMG highlighted a U.S. CEO survey showing AI agents are delivering measurable efficiency and growth gains, but only a small share of leaders view them as truly transformational so far. It also noted that most executives expect AI adoption to drive hiring, retraining, and sustained investment in AI infrastructure as companies rework processes for human-AI collaboration.

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