18 January 2021
Carey Olsen advises on merger of KPMG Channel Islands and KPMG Isle of Man
Carey Olsen has advised on the cross-border merger of KPMG Channel Islands and KPMG Isle of Man to form a single practice operating across the Crown Dependencies.
Lawyers from Carey Olsen's corporate practice in Jersey acted as lead counsel to KPMG on the transaction, working alongside Cains who advised on the Isle of Man legal aspects.
The merger of the two KPMG member firms creates a professional services firm of 430 people, which is locally owned and dedicated to serving key industry sectors across Guernsey, Jersey and the Isle of Man and took effect on 1 January 2021.
The Carey Olsen team was led by Jersey corporate partner David Taylor. Jersey counsel Huw Thomas provided specialist employment and related advice, and corporate associate Stephen Le Cornu also assisted on all aspects.
David said: "We are very pleased to have assisted KPMG with this complex and exciting transaction. We wish the new joint Crown Dependencies team all the best with the next stage of development and growth."
The transaction underlines Carey Olsen's reputation as a go-to legal adviser for complex corporate transactions, particularly those in the regulated professional services and advisory sectors.