KPMG in the UK confirms that it has agreed to sell its Portfolio Solutions Group (PSG) to Alantra Corporate Portfolio Advisory International Limited.
KPMG in the UK today (12 July 2018) confirms that it has agreed to sell its Portfolio Solutions Group (PSG) to Alantra Corporate Portfolio AdvisoryInternational Limited, which is part of Alantra, the independent investment banking and asset management firm.
Based in London, KPMG’s UK Portfolio Solutions Group comprises over 35 professionals. The agreement will see the transfer of the majority of UK PSG staff, along with partners Andrew Jenke and Nick Colman.
KPMG’s global network of member firms continue to provide such services to clients in their respective local markets. The transaction relates to KPMG’s Portfolio solutions business based in the UK.
A spokesperson for KPMG UK said: “We periodically evaluate the services and propositions we provide to clients. As part of such a review, it was concluded that the UK Portfolio Solutions Group was no longer core to our UK Deal Advisory practice due to its size and our ability to scale the business in the UK. Member firms will continue to service their clients in their local markets and this divestment does not impact the services those firms provide locally.”
Notes to Editors:
For further information, please contact:
Katy Broomhead, Senior PR Manager, KPMG in the UK
Tel: 0161 246 4623 / 07824 537963
About KPMG in the UK
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff. The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and territories and has 200,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.