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KPMG acquires Rothstein Kass
02 June 2014
Will add 1,000 employees to KPMG’s alternative investment team
has acquired Rothstein Kass, a professional services firm that
specialises in hedge funds.
transaction is expected to close in the coming weeks. The firm
did not disclose the terms of the transaction.
represents a significant investment in our audit and tax
businesses and demonstrates our continued commitment to driving
growth in our core services," said John Veihmeyer, global
chairman of KPMG.
Kass will add over 1,000 principals and professionals in 10
offices across the US to KPMG's 6,000-strong alternative
investments team. Rothstein
Kass provides audit, tax, and advisory services to hedge
funds, private equity, venture capital, and other
demonstrates that KPMG intends to continue to invest in
enhancing capabilities to service this fast-growing market and
our clients," said P Scott Ozanus, deputy chairman and chief
operations officer of KPMG.
is a game changer, and we are truly excited by the expanded
global opportunities that this combination will present for our
clients and our people," said Steven Kass, CEO of Rothstein