Thu, 23 Jul 2015 | BUSINESS SALE
KPMG has announced its acquisition of the assets of High-Point Rendel Ltd strategic management and commercial consultancy arms.
The business sale has gone through for an undisclosed sum and will see the majority of High-Point Rendel's 35 staff join KPMG's Major Projects Advisory Team.
Head of advisory at the accountancy firm, Richard Fleming, commented on the deal, noting that the acquisition should help with the management of KPMG's clients' “increasingly ambitious and complex projects”.
He added: “The High-Point Rendel team has more than 40 years’ experience advising on some of the world’s largest and most high-profile projects, helping businesses to plan and avoid costly delays and over-runs.
“This acquisition marks a step-change for KPMG both in the UK and globally, enabling us to advise clients at every stage of their megaprojects, from initial planning to final delivery and through operations and maintenance, disposal or renewal.”
Kelvin Hingley, chief executive of High-Point Rendel, will run the new joint practice, along with the managing director of High-Point, Nigel Bell and KPMG partner Gordon Shearer. Consultancy will also be provided to KPMG by chairman of High-Point, Sir Alan Cockshaw.
Sir Alan noted that the acquisition will enable the creation of a single organisation that combines “expertise and experience to provide valuable solutions at any stage of a project life cycle”.
In December 2014 KPMG announced five per cent growth in revenues, putting revenue at £1.909 billion for the financial year to 30 September 2014.
View businesses for sale.
This is a brilliant opportunity for an interested buyer to acquiring a thriving Bangladeshi restaurant in a thriving area of London. Longstanding staff. Takeaway and app. Rental income from above flat. Alcohol licence. Busy, affluent area. Offers inv...
LEASEHOLD
Having been established since 1982, this bathroom and plumbing supplies business has grown under the ownership of our clients since it was purchased in 2007. This business boasts an envious reputation and a very strong repeat trade business, it is sa...
A uniquely designed and branded beauty business opportunity offering both male and female ‘Sprucing and Beautification’ services. The business opened its doors 5 years ago and due to the time required by our client on his other business interests is...
LEASEHOLD
|
05
|
|
Jun
|
Azzurri Group exploring options for sale | BUSINESS SALE
Azzurri Group has engaged advisers to explore a potential sa...
|
04
|
|
Jun
|
Frankie & Benny’s owner to permanently close 120 restaurants | BUSINESS NEWS
The Restaurant Group, which owns chains including Frankie & ...
|
03
|
|
Jun
|
28 Oddbins stores saved after acquisition by unnamed buyer | BUSINESS SALE
28 Oddbins stores will remain open after the off-licence ret...
Sign up to receive our acquisition alert emails to get your FREE guide
|
05
|
|
Jun
|
Azzurri Group exploring options for sale | BUSINESS SALE
Azzurri Group has engaged advisers to explore a potential sa...
|
22
|
|
May
|
Owner of Joe.co.uk enters administration | ADMINISTRATION
Joe Media Limited, the UK parent company of social news webs...
|
05
|
|
May
|
Byron Burger owner seeks to sell chain | BUSINESS SALE
Three Hills Capital Partners, the majority shareholder of re...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources