Herbert Smith Freehills advises KPMG on the sale of its UK insolvency and restructuring advisory business

Herbert Smith Freehills has advised professional services firm KPMG on the sale of its UK insolvency and restructuring advisory business to private equity firm HIG Europe.

The Herbert Smith Freehills team was led by M&A partners Malcolm Lombers and Stephen Rayfield, supported by M&A associates Brian O’Malley, Damien Coruzzi and Edward Gainer.

The wider deal team included: Nick Pantlin, Ken Wong, Hannah Brown, Alasdair McMaster and Anabelle Smith (TMT); Isaac Zailer and Josh Lom (Tax); Clive Cunningham, Katherine Dillon, Emma Reid and Jonah Oliver (FSR); Miriam Everett and Lauren Hudson (Data Protection); Andrew Taggart, Nick Wright and Orla McNulty (Employment); Will Turnbull and Nichola Johnson (Real Estate); Samantha Brown, Marcus Fink and Joseph Goddard (Pensions); Laura Deacon, Jessica Welborn, Laura Adde (IP); John Chetwood, John Whiteoak, Andrew Cooke and Matthias Steiner (Restructuring); Veronica Roberts and Ali MacGregor (Competition); William Gibson (Insurance Disputes); Kristen Roberts, Susie Nguyen (Finance); Mark Ward, Suzanne Cowan,James Gunn and Chesy Chen (ALT); and Job Matthew-Michael, Alagammai Murugappan (Corporate).

Evercore acted as financial adviser to KPMG. HIG was advised by Simpson Thacher and the restructuring and insolvency partners were advised by Dickson Minto.

Malcolm Lombers commented:

“We are pleased to advise our longstanding client KPMG on another strategically important mandate, following on from the sale of their pensions advisory business last year.”

Herbert Smith Freehills also advised on KPMG’s sale of its pensions advisory business to Exponent Private Equity which was completed in 2020.