KPMG forms integrated private equity group

The professional services firm has established a specialist private equity group as it looks to grow its business within the industry.

KPMG has brought together 48 professionals from across the firm’s relevant practices to create a dedicated private equity group under one roof. The team comprises staff from the firm’s assurance, corporate finance, tax, transaction services and KPMG’s associated law firm KLegal.

KPMG partner Oliver Tant has been appointed to lead the group as UK head of the private equity group. Five other partners will also head up functions within the group, including Charles Milner, who will lead the group’s corporate finance department. Moray Macpherson, private equity partner at KLegal will also work with the group.

Group head Oliver Tant said the group was an attempt to maximise the firm’s involvement in what he believes is an expanding European buyout market. The firm already works with a number of the larger private equity firms in Europe including Alchemy Partners, 3i, Bridgepoint Capital and Lloyds TSB Development Capital (LDC). However the group is also looking to target new business opportunities with smaller and less well-established private equity firms in the UK.

“For too long, professional advisers have been focused on transactions being an end in themselves,” commented Tant. “Deals are an opportunity to create value rather than generating value in itself. Combining our wide experience within the private equity group allows us to focus our services at helping to drive value across the whole lifetime of the PE investment cycle.”