On May 24, 2024, KPMG Switzerland and KPMG UK announced that their respective partnerships had voted overwhelmingly in favor of merging their partnerships,creating a new USD 4.4 bn business, working across audit, tax and legal, and advisory. Both firms enter the merger from positions of strength as growing, profitable businesses in their respective home markets and have a long and strong history of working together for multinational clients. With a wider geographic coverage, the new firm will be able to expand its service and sector expertise complementing the already deep local market understanding for its national and international clients.
Homburger AG acted as legal counsel to KPMG Switzerland on the transaction. The Homburger team was led by Daniel Hasler (Corporate / M&A) and included Thierry Burckhardt, Marc Abplanalp, Paula Delissen, Marilena Balthasar, Norina Tröhler (all Corporate / M&A), Richard Stäuber, Erik Habich (both Competition), and Stefan Oesterhelt (Tax).