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Deloitte Confirms Intent to Acquire the Business and Assets of Keytree

Common types of assets include current, non-current, physical, intangible, operating, and non-operating. Correctly identifying and classifying the types of assets is critical to the survival of a company, specifically its solvency and associated risks.

Deloitte today announced its intention to acquire the business and assets of Keytree, the international award winning technology consultancy, headquartered in the United Kingdom with offices in India, Spain, Australia and Canada.

Founded in 2006, Keytree, a business with 400 employees, provides digital transformation services including data analytics, cloud and robotic technologies and a suite of products and managed services.

The combination of Deloitte and Keytree’s capabilities will create the United Kingdom’s largest SAP-enabled transformation practice and allow Deloitte to significantly grow its capacity to support clients worldwide with their digital transformation programmes.

Richard Houston, senior partner and chief executive of Deloitte United Kingdom, said: “The United Kingdom has played host to many of the world’s most significant technology advancements, bringing huge benefits to the country’s economy and the skills of its workforce. We believe that beyond COVID-19, investment in technology will be a critical catalyst for the recovery of United Kingdom businesses.

Being digitally-connected has never been more important. Organisations of every size need to find new ways to thrive post COVID-19 and digital transformation programmes will be right at the heart of this. Bringing together our scale and Keytree’s expertise and entrepreneurial spirit will help our clients to ensure these critical programmes support their long-term success.

We’re looking forward to welcoming the Keytree team into our firm once the deal completes.”

Keytree’s chief executive officer, Dan McNamara, managing director, Tim Kyle, and wider workforce will integrate into the firm’s consulting practice.

On making the announcement, Dan McNamara, chief executive of Keytree, said: “The skills, size and scale of our team has grown quickly over the past 14 years. Combining our business and people with the brilliant team at Deloitte and fusing the firm’s rigorous technology and data expertise with our own will ensure that we are able to operate and innovate at an even larger global scale and be in the best position possible to support our clients when they need us most.”

Tim Kyle, managing director of Keytree, added: “This is an exciting time for Keytree as we build on the success we have experienced over the last 14 years. Both companies share similar cultural and business values and by working together in the future, we will be in a position to deliver solutions for our customers that will overcome significant business challenges, drive digital innovation and continue our commitment to positively impact the communities in which we operate.”

With headquarters in London, Keytree currently operates within the United Kingdom, India and Spain, with smaller divisions located in Australia and Canada. Working with Deloitte, Keytree will extend its reach to work across the firm’s global network.

Keytree’s skills and expertise will bolster Deloitte’s implementations of SAP S / 4HANA®, SAP Customer Experience, SAP® SuccessFactors® and SAP Cloud Platform, supporting customers with their key digital transformation strategies, growth and success in the years ahead.

White & Case Advises Hg On Technology Investment

Information technology investment means an expenditure of information technology resources to address mission delivery and management support.

White & Case law firm has advised Hg on its planned investment in smartTrade Technologies, a global leader in managed services and hosted software for trading desks.

Hg is a private equity firm targeting technology buyouts primarily in Europe and the US. Hg focuses on investments in technology and services sectors.

It invests out of its 8th £2.5 billion core fund and its 2nd £575 million Mercury fund, targeting smaller technology buyouts, both raised in February 2017.

The transaction was announced on February 7, 2020.

Hg is a specialist private equity investor focused on software and service businesses. It has led more than 150 investments in the software and services sector during the last 25 years.

The White & Case team in Paris which advised on the transaction was led by partner Nathalie Nègre-Eveillard and included partner Clara Hainsdorf, with support from counsel Valérie Ménard and associates Alexandre Giacobbi, Amandine Grima, Caroline Lyannaz, Laura Tuszynski and Dany Luu.

White & Case Overview

Supporting our clients around the globe

White & Case is a truly global law firm, uniquely positioned to help our clients achieve their ambitions in today’s G20 world.

As a pioneering international law firm, our cross-border experience and diverse team of local, US and English-qualified lawyers consistently deliver results for our clients.

In both established and emerging markets, our lawyers are integral, long-standing members of the community, giving our clients insights into the local business environment alongside our experience in multiple jurisdictions.

We work with some of the world’s most respected and well-established banks and businesses, as well as start-up visionaries, governments and state-owned entities.

Eversheds Grows Chicago Team with Tim McCaffrey

Eversheds Sutherland is pleased to announce that Timothy J. McCaffrey has joined as counsel in our recently opened Chicago office.

Timothy is the fifth attorney to join the Chicago office since it opened in May; he joins Partner Robert D. Owen in establishing Eversheds Sutherland’s Litigation Practice Group in the Windy City.

Timothy focuses his practice on real estate litigation and regularly counsels clients on real estate development, acquisitions, dispositions, financing, leasing defaults and disputes, and commercial foreclosures. He also has extensive experience advising construction clients including the representation of owners, contractors, subcontractors, and design professionals in disputes related to design and construction defects, project cost disputes, and mechanic’s liens.

In the last 20 years, Timothy has represented some of the largest private equity fund and real estate developers, owners, and managers in litigation over their assets. He has significant experience in civil and criminal litigation that includes class action lawsuits, antitrust actions, and breach of contract actions in the securities, construction, health care, pharmaceutical, and financial industries.

In addition, Timothy brings white collar fraud criminal experience that includes cases involving public corruption, mortgage fraud, tax fraud, health care fraud, public finance, and insurance fraud.

He has also worked on numerous internal investigations and represented clients with respect to government investigations by the Securities and Exchange Commission, the Department of Justice, and the Department of Health and Human Services.

Litigation Practice Group

With more than 100 litigators, Eversheds Sutherland’s Litigation Group has tried and argued cases in the United States Supreme Court, all 13 circuits of the United States Court of Appeals, the Court of Federal Claims, the Tax Court and hundreds of federal district and state trial and appellate courts.

Eversheds Sutherland’s litigation team represents regional, national and international clients from a broad range of industries, including energy, financial services, securities, insurance, construction, manufacturing, automotive, distribution, education, professional services, data privacy, electronics, technology and defence.

Baker Tilly Named Great Place to Work®

The Great Place to Work® organisation recertified leading accounting and advisory firm Baker Tilly Virchow Krause LLP as a great workplace.

The Great Place to Work designation is the gold standard in workplace recognition and is a special achievement determined by responses and opinions that randomly selected employees provide in a comprehensive, anonymous survey.

A full 89 percent of Baker Tilly employees said taking everything into account that the firm is a great workplace, according to the survey. That ranking is similar to that of the country’s most respected employers.

Baker Tilly Virchow Krause, LLP is a leading advisory, tax and assurance firm whose specialised professionals guide clients through an ever-changing business world, helping them win now and anticipate tomorrow.

Headquartered in Chicago, Baker Tilly, and its affiliated entities, have operations in North America, South America, Europe, Asia and Australia. Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 145 territories, with 34700 professionals.

The combined worldwide revenue of independent member firms is $3.6 billion. Visit bakertilly.com or join the conversation on LinkedIn, Facebook and Twitter.

Baker Tilly Virchow Krause, LLP is a member of the Baker Tilly International network, the members of which are separate and independent legal entities. Baker Tilly refers to the global network of accounting firms of Baker Tilly International Limited.

Each member firm is a separate legal entity. Baker Tilly International Limited does not provide services to clients.

PwC Appoints New Business Partners

Business partners is any entity that you collaborate with on a business-to-business basis. Unlike business affiliates, you do not share control of your website or company with business partners.

The six partners bolster PwC’s Advisory division, which houses the firm’s services in management and digital consulting, corporate finance and mergers and acquisitions and forensics.

In Poland, Maciej Kroenke has become a partner in PwC’s Strategy practice. He joined the Big Four firm at the start of 2016 from a boutique Polish consultancy specialised in pricing and revenue management. Previously, he worked as a consultant for Simon-Kucher & Partners and held several roles in pricing in industry.

At PwC, Kroenke leads PwC’s services in the area of revenue management with a focus on pricing, promotions, sales excellence, customer loyalty and digitisation of commercial functions.

Piotr Rudzki has been appointed a partner in the Valuations and Economics team, which is a service line within PwC Deals. He re-joined PwC in 2017 following an eight year spell in investment banking, having previously served the accounting and consulting giant for four years.

Warsaw-based Rudzki specialises in corporate finance, business valuations, financial models and mergers and acquisitions.

Sixteen years after starting her career at PwC, Katarzyna Podgórna has now been admitted into the firm’s leadership ranks. She is a partner in the Capital Markets and Accounting Advisory Services arm, leading a team which develops and implements solutions to improve processes within finance departments, with a focus on the financial services industry.

Interrupting her tenure at PwC Poland were two external stints – one at rival EY and a 12-month secondment at PwC in the United Kingdom.

Part of the Financial Services industry group, Łukasz Żochowski has been tasked with expanding PwC’s Advisory services to banks and insurance groups, among others. He has been with PwC for his entire career, and has grown into a specialist in risk management services for financial institutions, including risk analytics / modelling, risk-IT implementations, regulatory and compliance and remediation topics. He is a leader in the firm’s CEE-wide Risk Management group.

Maciej Przybyłowski is a partner in PwC’s Financial Crime Unit, which helps financial institutions battle the growing threat of financial crime, including the likes of anti-money laundering, terrorist financing, bribery and corruption, market abuse and insider dealing.

He joined PwC in 2016, after serving among others telecom group Orange, GE and local Polish banking subsidiary Bank BPH, and Citi. Przybyłowski has been tasked with developing PwC’s financial crime offerings in domestically and in the region.

Meanwhile, in Russia, where PwC has over 2600 professionals working across offices in Moscow, St. Petersburg, Ekaterinburg, Kazan, Rostov-on-Don, Krasnodar, Voronezh, Novosibirsk, Yuzhno-Sakhalinsk and Vladikavkaz, PwC has appointed Olga Maydanik a partner in the firm’s Deals wing.

Maydanik joined PwC in Moscow in 2009 after serving the Russian arm of Deloitte for five years. At PwC Deals, she supports clients with mergers and acquisitions and transaction services, with a focus on transactions in the energy, oil and gas and transport and logistics sectors.

Maydanik holds a Master of Economics from Moscow’s Lomonosov State University.

Olympic Committee Appoints PwC

PricewaterhouseCoopers is a multinational professional services network of firms, operating as partnerships under the PwC brand.

Speaking at the 134th session of the International Olympic Committee in Lausanne, chairman of the audit committee Baron Pierre-Olivier Beckers-Vieujant announced the committee’s recommendation to reappoint the Big Four firm.

The Olympic Committee is a non-governmental sports organisation based in Lausanne, Switzerland. It is constituted in the form of an association under the Swiss Civil Code.

The 134th session then approved the reappointment by show of hands.

In August 2018, the IOC invited Deloitte, EY, PwC and KPMG to submit their proposals in a closed tendering process, which were then assessed by a selection board.

Baron Beckers-Vieujant said the audit committee decided to only include the Big Four as it believed these firms were the only ones capable of delivering on expectations from a global point of view and in line with the IOC’s reputation.

He highlighted value for money and PwC’s commitment to reduce costs over the six-year term as key reasons supporting the choice – explaining that the Big Four firm had already offered to reduce costs in the first year from 402,000 Swiss francs to 391,000 Swiss francs.

PwC will serve a six-year term as the IOC audit committee wanted to align the appointment with the four-year Olympiad cycle.

He also noted that under Swiss law the firm has to be reappointed by vote on a yearly basis.

Last week, PwC was appointed auditor for pharmaceutical company Diurnal Group following a formal tender process and, pending shareholder confirmation the November AGM, will audit the company’s accounts for the year ended June 2020.