KPMG Corporate Finance has announced that it has advised AIM listed Sweett Group on the sale of its APAC and India businesses to Currie and Brown Holdings Limited.
Sweett Group is a provider of professional services for the construction and management of building and infrastructure projects.
Khush Purewal, a director at KPMG and lead advisor on the deal, commented: “This transaction reflects two underlying themes in the construction sector: first, the strong consolidation trend among larger corporates as they seek to grab geographic and strategic capability before their competitors; and second, the drive for smaller, niche operators to focus sharply on their core geographies and key capabilities. There is room for both in the market, but we forecast headwinds for those seeking to occupy the middle ground.”
Khush Purewal was supported by Stuart Sewell, Director and Bilal Rana, Manager. KPMG has a dedicated Corporate Finance team that focuses specifically on M&A within the Built and Natural Asset consultancy space.
Read today’s RNS announcement (external link).
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