Interpath Advisory, a leading international financial advisory firm and the largest independent turnaround and restructuring business in the United Kingdom, has announced that it has signed a business transfer agreement for the acquisition of the restructuring activities of KPMG in France. This transaction is expected to close in the autumn of 2024.
This agreement will considerably strengthen Interpath Advisory's corporate restructuring advisory activities in France, supporting companies in difficulty and their stakeholders. As part of the agreement, over 100 employees in France will transfer to Interpath, including six Managing Directors and six Directors.
This transaction is aligned with KPMG’s strategy in France, and will allow the firm to focus on high-demand areas, including core Deal Advisory services such as M&A, corporate finance, due diligence, private equity and strategy advisory.
"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," said Baréma Bocoum, Managing Director of Interpath Advisory in France.
"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,” added Damien Allo, Head of Advisory at KPMG in France.
About Interpath Advisory
Interpath recently opened its first office in France in the 9th arrondissement of Paris under the management of Baréma Bocoum. Building on this momentum, Interpath aims more broadly to continue its development in continental Europe, and to continue to enrich its offer in France for companies and investment funds
The company was founded in May 2021 following the sale of KPMG’s UK Restructuring practice to H.I.G. Europe, the European affiliate of H.I.G. Capital LLC, and Interpath’s managing directors. Initially based in the U.K., Interpath has grown rapidly and in addition to its office in Paris, now operates across 15 other offices in the UK, Ireland, BVI and Cayman Islands. The firm currently employs over 750 professionals.
