KPMG, the smallest of the Big Four audit and consulting firms, has struck a long-awaited expansion deal by buying one of Australias best-known corporate insolvency firms, Ferrier Hodgson.
The combination will create one of the countrys biggest restructuring, insolvency and forensic advisory practices, with 27 partners and more than 200 staff.
The acquisition, announced today, covers Ferrier Hodgsons Perth, Melbourne, Sydney and Brisbane offices. Adelaide is still under negotiation.
The combined practice will be jointly led by KPMGs national head of restructuring, Matthew Woods, the newly appointed chairman of the firms Perth office.
KPMG chief executive Gary Wingrove said the rationale for the tie-up was compelling, with KPMG and Ferrier Hod…
Read the full article at: https://thewest.com.au/business/accounting/kpmg-snares-insolvency-firm-ferrier-hodgson-ng-b881135503z