KPMG promotes Richard Stark to lead Northern Private Equity Practice

21 February 2018 Authored by Consultancy.uk

Professional services firm KPMG has promoted a new leader for its UK Private Equity Practice. Richard Stark, who was previously a Director at the firm, will now seek to expand the presence of KPMG’s PE offering in Northern England.

Richard Stark, who was a Director in the Big Four firm’s corporate finance practice in Manchester, will now work as Head of Private Equity in the North of the UK. In his new role, he will leverage his specialised skillset in advising on mergers and acquisitions to help coordinate KPMG’s deal flow to private equity investors, as well as advising on any transactions involving private equity.

Stark joined KPMG’s audit practice as a graduate in 2006, having most recently completed a Legal Practice Course at the Chester College of Law. Stark then ascended through the ranks at KPMG, working as an Assistant Manager in Audit before moving to the firm’s corporate finance team in 2010. Over the coming seven years, he became an Associate Director in Corporate Finance, before taking up the role of Director in April 2017.

Richard Stark, Private Equity Practice Lead - KPMG

Stark said, “The North of England’s private equity market is thriving, with over 30 houses having on-the-ground presence and many more recognising the breadth of attractive investment opportunities in the region. Last year, deal volume in the North was hot on the heels of the numbers seen in London, making it one of the most buoyant markets in Europe. Our Northern M&A team worked on a host of private equity deals including the sales of Utiligroup, Clarke Energy, Lakelovers, Giacom, Eque2, ZyroFisher, Biocomposites and Metamark.”

He added, “I look forward to cementing our reputation as arguably the most active M&A practice in the region, and leveraging our unrivalled reach and expertise to support the North’s business community in capitalising on private equity’s appetite for high quality assets.”

Jonathan Boyers, KPMG’s National Head of Corporate Finance, who is based in Manchester, meanwhile commented, “Richard’s appointment represents our confidence and commitment to the North’s private equity community, as it continues to grow despite the challenging economic conditions. He has extensive experience having worked on a large number of deals involving private equity, and will work closely with Alex Hartley, who leads our private equity business nationally, to build on our market leading position.”

KPMG recently bolstered its Northern offering in another sector with the hire of Euan West. In November, the firm appointed West as the leader of its Liverpool office, following strong growth in the region.

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