The acquisition is one of the most significant moves from one of the Big Four accountancy and advisory firm to grow its presence in the strategic communications sector.
Simon Collins, UK Chairman of KPMG, said: ‘Whilst today’s deal is a relatively small acquisition for the firm, it is an important transaction for KPMG.
‘At a time when companies are increasingly looking to ensure advice is independent from the underlying sources of finance, the combination of KPMG’s debt advisory business with the equity services provided by Makinson Cowell will create a market leading independent capital advisory business.’
Collins argued that the deal will establish a ‘unique offering’ in the UK market place.
Makinson Cowell has been one of the best known investor relations specialists in the UK and Europe for over two decades.
It is hoped the deal will provide Makinson Cowell with access to additional resources and increase its geographic reach.
Co-founder of Makinson Cowell Bob Cowell added: ‘For our clients, this move will underwrite the independent model which has characterised our business from the outset and preserve our brand for the future.’
Completion of the acquisition is subject to regulatory consent.