News: KPMG announced acquisition of M&A tax team of BMR Advisors

C-Suite

KPMG announced acquisition of M&A tax team of BMR Advisors

Deloitte, PwC, and KPMG were in a close race to acquire different teams of BMR Advisors.
KPMG announced acquisition of M&A tax team of BMR Advisors

BMR Advisors, a management consulting firm offering a range of Tax, Risk, and M&A advisory services- announced its corporate tax team would merge with Deloitte India. Now, after a week of this announcement, KPMG has pronounced the merger of transactions (merger and acquisition) and risk consulting business of BMR with it.

As a part of this merger, ten partners from BMR’s deals team, Sanjay Mehta (as an advisor) and Sarabjeet Singh from the risk team are set to join KPMG. Also, chief mentor Bobby Parikh and Vivek Gupta, a partner at BMR are set to join KPMG. However, the third partner Rajeev Dimri will be a part of the team moving to Deloitte.

Bobby Parikh, Chief Mentor and Partner of BMR & Associates LLP, was quoted in media saying, “In this ever-changing business environment, it is important to continuously adapt and innovate to stay ahead of the curve, and with BMR’s high-quality talent pool, it will help serve clients better by blending domain expertise with analytical rigour while maintaining an uncompromising focus on quality.”

Arun M. Kumar, Chairman, and CEO, KPMG in India, also commented in media, that the combined domain expertise of the two firms will significantly enhance KPMG’s impact in the Indian market, strengthening their ‘One M&A’ initiative and their Risk Consulting offerings. He further shared in media, that he is confident that our current and prospective clients will derive immense value from the strengths that their new colleagues will bring to KPMG.

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Topics: C-Suite

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