Accountancy firm MHA MacIntyre Hudson has acquired KP Audit, a provider of audit services to the investment management industry, including hedge funds, asset management firms and captive insurance companies.
Founded in 2005, KP Audit has a professional staff of 20 in offices in London and the Cayman Islands.
KP’s audit clients comprise approximately 150 investment funds in various jurisdictions, both offshore (primarily the Cayman Islands but also the British Virgin Islands and Delaware) and onshore in the UK. It also has 60 UK investment manager, broker and adviser and arranger clients, primarily operating in London.
KP’s London team will relocate to the MHA MacIntyre Hudson City office and MHA MacIntyre Hudson will retain the KP Audit Cayman Islands office. Deb Weston and David Walker will become partners in MHA MacIntyre Hudson.
The acquisition provides MHA MacIntyre Hudson with its first overseas location, and takes the number of offices to 15.
Weston says: “My team and I are excited to be joining MHA MacIntyre Hudson. There is a good cultural fit between our organisations, and our clients will benefit enormously from the range of services and reach available to them through MHA MacIntyre Hudson and Baker Tilly International.”
Rakesh Shaunak, chairman of MHA MacIntyre Hudson, adds: “I’m delighted to welcome our new colleagues and clients to the firm. This acquisition provides an immediate and material entry into a part of the investment market that is key to delivering the firm’s strategic plan. This is a very significant deal for the firm.”
