Roland Berger Strategy Consultants has stepped away from merger talks with Deloitte Touche Tohmatsu.
Last week both parties confirmed they were in advanced talks about a possible deal, but negotiations ended on Sunday after partners at Roland Berger voted against the move.
The vote to remain independent had been carried with a majority of “close to 100%” said a company spokesman.
The firm’s partners (including its founder Roland Berger) agreed to put in more money to support its plans going forward.
Berger will be investing some €50m to help fund the company’s expansion as a standalone business, reported the Financial Times this week.
Deloitte had planned to acquire the company as part of an expansion of its worldwide strategy consulting ar...