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ARMS Reliability sold to Baker Hughes
Global reliability solutions provider ARMS Reliability has been advised on its sale to NYSE-listed tech group Baker Hughes.
Jerome Doraisamy
Firm: KPMG Law (ARMS Reliability).
KPMG Law advised on the legal aspects of the transaction, whilst KPMG Australia’s M&A provided corporate advisory services and KPMG Enterprise provided tax advice. The UK and Canadian legal practices of KPMG also provided UK and Canadian legal advice on the transaction that required strong cross-border legal collaboration together with an integrated M&A offering.
Value: Undisclosed.
Area: M&A.
Key players: The KPMG Law team was led by its head of M&A, David Morris, who was supported by director Paul Mayson and consultant Bree Taylor.
Deal significance: Speaking about the transaction, Mr Mayson said: “This transaction is another example of the strong M&A activity we are seeing at present. Together with KPMG Australia’s Corporate Finance team, we ran a successful sale process involving a global team.
“It’s certainly beneficial in a complex transaction such as this that KPMG could provide the benefits to the client of seamlessly engaging only one professional adviser in KPMG rather than the client having to manage multiple service providers.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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