Professional services firm KPMG UK signed an agreement to form a joint venture with Venture Capital (VC) advisory firm Acceleris.
Through the joint venture, called KPMG Acceleris, the firms will deliver a range of fundraising and advisory services to entrepreneurs in the UK and internationally, with a particular focus on businesses in technology, life sciences and ESG-related sectors.
KPMG Acceleris will be led by Norman Molyneux, Simon Thorn and Patrick Molyneux, initially operating from Manchester and London, supported by a team of experts across the UK. The joint venture will also benefit from access to KPMG’s global network of advisors.
The joint venture is subject to the consent of the Financial Conduct Authority and the transaction is expected to complete later this year. Following completion, KPMG UK will formally acquire 50% of the share capital of Acceleris, and Jonathan Boyers, Partner and Head of Corporate Finance at KPMG UK will join the board of directors, alongside Warren Middleton, Manchester Office Senior Partner and Emerging Giants Programme Lead at KPMG UK.