KPMG supported Butterfield's Legis deal

Butterfield’s recent acquisition of Legis Group’s Guernsey-based trust and corporate services business was supported by KPMG Advisory teams in Bermuda and Guernsey.

KPMG Advisory in Bermuda and Guernsey provided corporate finance and due diligence services to Butterfield, leveraging KPMG’s global network and local presence to full effect.

Charles Thresh, managing director of KPMG Advisory, Bermuda said in a statement: “We were delighted to be asked by Butterfield to advise on the Legis transaction and it is very satisfying to see it complete.”

Ashley Paxton, head of Advisory for KPMG Advisory in the Channel Island,s added: “Our Bermuda and Guernsey teams were able to work with their Butterfield counterparts and our relationship with the target proved very useful in all aspects of the deal.”

Bob Moore, executive vice president & head of Group Trust at Butterfield, said “We were very grateful for the support provided by our professional advisers on our acquisition of Legis’ Guernsey trust and corporate administration business. This included both KPMG in Bermuda, who were particularly involved in respect of valuation analysis and corporate finance work, and KPMG in Guernsey, who undertook certain aspects of the due diligence required in respect of the transaction.”