Insights

Deloitte acquires global family consulting business

Deloitte has revealed plans to acquire an international family consulting business

Tuesday 4 November 2014

Deloitte is set to acquire Peter Leach & Partners, in a move designed to help family businesses access a broader range of corporate finance and real estate services.

The business advisory firm said its deal with the global family consulting group should take effect from the beginning of next year.

Wide-ranging services

Formed six years ago, Peter Leach & Partners currently provides consultancy services to family businesses.

Succession planning, family constitutions and philanthropy services are among the ar as which the family enterprise group has focused on since its launch.

Along with the UK, the Middle East and Asia are among the other regions where Peter Leach & Partners has expanded its operations in recent times.

Wealth of experience

Commenting on the acquisition, Claire Webster, head of Deloitte’s Private Client Services team, said Peter Leach and Alexandra Sharp will now be welcomed as new partners.

She added:

“With over 30 years of experience, Peter is considered the ‘founding father’ of family business thinking in the UK."

“Alex is recognised as a leading authority on family business and specialises in succession planning and governance issues. We believe that this acquisition gives Deloitte the leading family business consulting team.”

New opportunities

Citing research from the Government, Deloitte said the UK currently boasts around 858,000 family businesses.

Ms Webster said generational change is becoming a growing area of concern for many global family firms.

She commented: “Many family businesses were created following the widespread economic and political change of the last 30 years. Now the sons and daughters will take over the business and this highlights the importance of succession planning to ensure this process goes smoothly.”

Appealing to a wider audience

Speaking in response to the new agreement, Mr Leach said he is excited at the prospect of joining up with Deloitte.

He said the deal should help his organisation to extend its services to a much wider audience in the future.

Mr Leach concluded that existing clients of Peter Leach & Partners will soon be able to access a broader selection of services.

--------------------------------------------------------------------------------------

Copyright Press Association 2014

“With over 30 years of experience, Peter is considered the ‘founding father’ of family business thinking in the UK."

“Alex is recognised as a leading authority on family business and specialises in succession planning and governance issues. We believe that this acquisition gives Deloitte the leading family business consulting team.” Claire Webster, head of Deloitte's Private Client Services team

Did you find this useful?