The transaction will refocus the firm’s restructuring advisory activities in France on areas of high demand.
Transnational law firm Clifford Chance has advised UK-based financial advisory firm Interpath Advisory on the acquisition of accounting firm KPMG’s restructuring activities in France.
Restructuring partner Delphine Caramalli led the Clifford Chance team, which included M&A of counsel Sue Palmer, counsel Julien Brun and associate Elisabeth Kerlen, employment partner François Farmine and associates Ibrahim Cheikh Hussein and Maxence Mao-Coquillat, tax counsel Pierre Goyat and associate Elise Poiraud, as well as litigation and disputes resolution partner Diego de Lammerville.
The transaction, a business transfer agreement expected to close in Autumn 2024, will see more than 100 employees in France move to Interpath, including six managing directors and six directors.
The transaction is part of a strategic plan to bolster Interpath’s corporate restructuring advisory activities in France, by providing greater focus on sought-after areas such as core deal advisory services covering M&A, corporate finance, due diligence, private equity and strategy advisory.
KPMG France’s head of advisory Damien Allo commented: “This agreement is part of our strategy in France to invest in A.I and transformational M&A activities, combining our unique expertise in due diligence, valuations, IPOs, tax and legal advice, with the reach of our consulting capabilities, to deliver value to clients through successful business transformations. KPMG member firms across our EMA and wider global network continue to invest in and strengthen turnaround and restructuring services for clients as part of our Deal Advisory & Strategy capabilities. I look forward to working with Interpath during this transition period.”
Interpath’s managing director Baréma Bocoum added: “We look forward to welcoming to Interpath the teams from KPMG’s restructuring practice in France, whose excellent reputation is well established in our market. In the face of both an increasingly complicated global and domestic environment, as economic uncertainty increases, we have no doubt that our expertise will be particularly valuable in meeting the growing needs of our clients, corporates and investment funds.”
