KPMG acquires P5+ Management Ltd.
KPMG announces the acquisition of P5+ Management Ltd. (P5+) as part of its growth strategy to strengthen its People and Change advisory service line.
P5+ provides customised talent management consultancy and people development solutions geared towards maximising organisational performance through an entity’s greatest asset, its people. P5+ is also licensed to provide recruitment services and NCFHE accredited training programmes.
The acquisition will expand KPMG’s service offering to its clients, providing a more holistic portfolio for talent acquisition, management and retention, people development, workforce analytics and change management. The acquisition of P5+ was primarily driven by the quest to assist clients in their human capital needs in a climate characterised by significant human resource management challenges. P5+ will be renamed KPMG Talent (P5+).
Tonio Zarb, Senior Partner at KPMG commented ‘This is an important milestone in expanding the range of people and change services we offer to our clients. The ever-widening and persistent human resource shortages, together with the talent management challenges faced by our clients, propelled us to take this strategic step.’
Malcolm Pace Debono, Managing Director and Founder of P5+ commented ’Our business and team was built with values that enable its people to be the best they can be, thus creating a performance-driven and client-centric culture of excellence, all for the benefit of P5+ clients. KPMG shares these values and culture, and drives a firm-wide ambition to be the Clear Choice in all its suite of services. Our vision is to become the experts and catalysts for positive change in the performance of organisations achieved through their people.’
As a result of this acquisition, Malcolm Pace Debono joined KPMG as Director, bringing the total number of KPMG’s principals to 31.
In his closing comments, Tonio Zarb said ‘As we welcome Malcolm and his team to KPMG, we look forward to engaging with our clients in assisting them with their talent management needs’.