KPMG Law has helped an Australian data and analytics consulting company partner with a private equity firm to pursue expansion.
The legal arm of the Big Four professional services firm was part of an integrated team that acted for the major shareholder of Servian in the company’s sale to Adamantem Capital. Financial details of the deal were not disclosed.
KPMG Law acted on all legal aspects of the transaction, while KPMG Corporate Finance acted as corporate finance adviser and KPMG Tax acted as tax adviser.
David Morris, who heads KPMG Law’s M&A practice, said that Servian has done an outstanding job building the company over the last decade. A partnership with a group of the calibre of Adamantem unlocks future growth for the company, he said.
“This transaction reflects the strong M&A activity we are seeing in the technology sector and the high level of interest that private equity funds have in investing in the sector,” Morris said.
The transaction not only showed the firm’s M&A capability, but more importantly the benefits of KPMG’s integrated M&A offering, he said.
Morris, who led the KPMG Law team, was supported by directors Paul Wentworth and Paul Mayson. Peter Turner, head of M&A at KPMG Corporate Finance, led the division’s team. Tax partner Len Nicita, supported by manager Stephanie Schaefer, provided tax advice.