The Economic Times
News story by Vinod Mahanta, Sachin Dave
MUMBAI: Days after Deloitte bought BMR Advisory’s corporate tax team; KPMG on Thursday acquired the boutique firm’s mergers and acquisitions (M&A) and risk team.
As part of the transaction, 10 partners including Rohit Berry and Vivek Gupta from BMR’s deals team, Sanjay Mehta (as an advisor) and Sarabjeet Singh from the risk team are set to join KPMG.
More than 100 executives from the boutique tax firm would move to KPMG by the end of July.
According to people in the know, Deloitte and PwC were in race to acquire the M&A tax team. Talks were on with Deloitte, after the BMR direct and indirect tax teams moved to Deloitte on Monday.
ET had reported on July 16 that Deloitte, KPMG & PwC were in a close race to acquire different teams of BMR Advisors.
In two moves, 30 Partners and 500 professionals from BMR advisors moved to Deloitte and KPMG.