New York, November 5, 2015 – Curtis, Mallet-Prevost, Colt & Mosle LLP represented G2 FinTech (G2) in the sale of significant technology and intellectual property assets to KPMG LLP.
G2 is a boutique tax technology firm specializing in tax analysis and compliance software for the investment management community.
KPMG, the audit, tax and advisory firm, is acquiring all of G2’s U.S. tax software and intellectual property, including G2’s flagship product, TaxGopher®. G2 will remain a separate entity with a continuing business post-closing. A majority of G2’s development team will join KPMG’s Tax Transformation and Technology Practice, enabling KPMG to enhance its capabilities to assist hedge funds with their tax compliance needs.
The Curtis lawyers used their many years of experience in intellectual property transactional matters to advise G2 in the sale of its software products and technology. Private Equity group chair Lawrence Goodman and Intellectual Property group chair Michael Graif headed the group of Curtis attorneys who worked closely with G2. They were assisted by Private Equity associates Douglas Glazer and Sehnaz Gungor and partner Alan Berlin and counsel Kuang-Chu Chiang from the Tax department.
“This opportunity presents the best of both worlds for G2 and our clients,” said George Michaels, CEO of G2 FinTech. “Our ongoing arrangement with KPMG enables us to service our existing clients while at the same time allows KPMG to incorporate TaxGopher within its KPMG LINK PartnerTrack platform. We see this as a huge win for everyone.”
Courtesy of Curtis, Mallet-Prevost, Colt & Mosle LLP. Curtis, Mallet-Prevost is a member of the EACCNY