Big Four

KPMG firms in Channel Islands and Isle of Man merge

The deal was advised by offshore law firm Carey Olsen

KPMG’s firms in the Channel Islands and Isle of Man have merged into a single practice operating across the Crown Dependencies.

The new merger of the accountancy giant’s firms has created an offshore professional services firm of 430 people.

Working across Guernsey, Jersey and the Isle of Man, the new firm is locally owned and dedicated to serving key industry sectors and took effect on 1 January 2021.

Offshore law firm Carey Olsen advised on the merger and was led by Jersey corporate partner, David Taylor.

Huw Thomas, Carey Olsen’s counsel to Jersey, provided specialist employment and related advice, with corporate associate Stephen Le Cornu also assisting on all aspects.

Taylor 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.”

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