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Accuracy advises Bpifrance

Accuracy conducted buy-side financial due diligence on behalf of Bpifrance, in advance of its investment of €8m in Coretec Group, a French family-owned group and expert in the engineering and manufacturing of tailor-made equipment for the automotive industry. It is the first investment of the Fonds Avenir Automobile 2 (FAA2), created to support automotive suppliers and managed by Bpifrance.

Coretec Group employs 360 people across four sites located in France, Poland and the Czech Republic and has achieved revenues of €33m as of 31 March 2020.