The year 2022 has been a difficult one for many, full of economic events and shocks that have not gone without leaving their mark. However, in this last edition of the Economic Brief in 2022, instead of recapitulating these main events, we will focus on three areas tha...
Infrastructure assets across North America are aging and in urgent need of better operation and maintenance (O&M) practices. The traditional challenges with O&M are accentuated by recent disruptions of the status quo, with emerging challenges including the higher degre...
Times are tumultuous and economic woes abound: high inflation, supply chain disruptions, low consumer confidence, foreign exchange issues and more. In spite of all this – or perhaps because of it – it is not so easy to make clear-cut conclusions. Indeed, for some econo...
Accuracy, an international advisory firm that brings its expertise to business leaders and decision-makers, and Causality Link, a financial information technology provider, today announced they have signed a partnership agreement to enrich certain areas of Accuracy’s s...
With the global economy in turmoil, energy prices are exploding. A general rising trend in the prices of oil and gas since mid-last year has been compounded in recent weeks by the war in Ukraine and the economic reprisals taken by the West against Russia. These reprisa...
The world economy is experiencing shock after shock arising from various sources: the COVID-19 pandemic, supply chain shortages, the war in Ukraine, severe inflationary conditions and stalling growth. However, in this edition of the Economic Brief, we will delve into t...
This edition of the Economic Brief sees us delve into economic matters at a global level. We will review the latest World Economic Outlook projections prepared by the International Monetary Fund to review the macro impact of the war in Ukraine, and we will move on to c...
In light of the current context, this month’s edition of the Economic Brief will focus on the relationship between war and the economy. In particular, we will look into links between the two; we will delve into economic theory in relation to war; and we will examine so...
In this first edition of the Economic Brief in 2022, we look into some of the significant factors currently affecting the global economy. We start with COVID-19, its development, and a new mentality taking hold. We then move on to the Purchasing Managers Index to see w...
For this last edition of the Economic Brief in 2021, we will take a look back at the year and see how it developed across three different zones that drive the global economy: the United States, China and the eurozone. For each of these zones, we will observe the foreca...
A topic much in the news of late is inflation. Indeed, its recent rise is dominating market news, and its effects are being felt globally. This edition of the Economic Brief will see us look into this striking rise in inflation and what patterns might be taking shape. ...
During the summer, economic figures were updated to reflect the latest activity. Of particular note were the figures for July and August, which appear to show the incipient normalisation of the global economy, a trend that is set to continue. In this edition of the Eco...
This edition of the Economic Brief will see us focus on economic growth. More specifically, we will examine the economic growth lost during the COVID-19 crisis and the time lag in catching up to where we should be, contrasting the situation in China with that in the Un...
In this edition of the Economic Brief, we will examine some of the factors behind the increase in corporate leverage. We look at how corporate debt can amplify the effects of a financial shock and go on to investigate what the price may be for the current high levels o...
In this month’s Economic Brief, we delve into changes in mobility and economic confidence. We look at how different countries are opening up at different rates and analyse confidence in both the services sector and the manufacturing sector. Finally, we look into recent...
This month in the Economic Brief, we look a little more closely at the impact of the pandemic in the developed world. We examine the different rates of vaccination in the West and consider how economic confidence has been affected. We go on to consider the impact of th...
Continuing the theme from the last edition of the Economic Brief leads us to consider how countries are dealing with the economic impact of COVID-19 and what actions they are taking to overcome the crisis. As can be predicted, the traditional rich–poor dichotomy is ali...
A review of recent economic figures leads us to the conclusion that this crisis may well be the most brutal and precipitous in recent history. In fact, studies show that when compared with the financial crisis of 2007–2009, the current crisis generated the same level o...
Accuracy, the global independent advisory firm, has promoted two new partners as part of its continued growth. Charlene Burridge, in London and Florence Westermann in Accuracy’s Paris office. These promotions bring Accuracy’s total number of partners to 52, across 13 c...
The COVID crisis is the largest global economic shock since the Second World War. As a result of the sanitary crisis, billions of people were confined to their homes leading to a sudden halt of the economy. Consequently, global trade came to a standstill, hundreds of m...
We have released our latest COVID-19 article on the construction industry. Read more on our construction disputes section here. ...
Accuracy is announcing the promotion of three new partners. These promotions take place in the context of Accuracy’s continued growth since its creation 15 years ago. Today, Accuracy has locations in 13 countries and counts some 450 consultants and 50 partners. ...
Accuracy, the global independent advisory firm, has expanded its Hong Kong office with the addition of So Kim Lau, who joins the team as director. Kim joins Accuracy from a “Big Four” accountancy firm, where she was a director in the corporate restructuring and insolve...
Morgan Heavener joins Accuracy from US‐based international law firm Paul Hastings. ...
After opening an office in Hong Kong in January 2019, following those in Singapore, Dubai and Casablanca in 2016, 2017 and 2018 respectively, Accuracy has entrusted Frédéric Recordon with the management of its base in Beijing. ...
Accuracy continues to strengthen its international network and its activities in Asia through the promotion of David Thornes, of the Singapore office, to partner. The independent advisory firm created in 2004 has 17 offices and 400 consultants, including 48 partners....
Matthew Hanson, senior manager and Khalid Lachheb, senior director, both at Accuracy, have been interviewed in the Corporate Disputes magazine, Jan – mar 2019 issue, on the following topic: “Construction disputes - selection phase”...
Two Accuracy partners, Stuart Appelbe and Anthony Theau-Laurent, have been interviewed in the Corporate Disputes magazine, July - September 2018 issue, on the following topics: "Disputes in the construction sector" and "Disputes arising from M&A transactions". Read the ...
After Singapore in 2016 and Dubai in 2017, Accuracy continues its international growth by opening an office in Casablanca*. This office will be run by Taoufik Lachheb, partner (43 years old, graduate of the Ecole Polytechnique, at Accuracy since 2013, a specialist in la...
Accuracy, a leading trusted business advisory firm, has strengthened its team with the promotion of infrastructure and energy expert Laura Cózar as a new partner in Spain. ...
After the recruitment of four new partners in 2017, Accuracy, the independent advisory firm created in 2004, has promoted another four consultants to partner level in three of its offices. This brings the total number of partners in the firm to 47 for a total headcount ...
Accuracy announces the opening of an office in Dubai. Led by Zane Hedge, 47 years old, a specialist in construction and infrastructure projects, this office already has five consultants and forecasts a rapid expansion...
Accuracy strengthens its capacities by creating a Forensic Technology Lab...
Accuracy announces its acquisition of the company GTE in China, based in Beijing...
Accuracy has recruited four new partners in four of its ten countries....
Published in: Corporate Disputes Magazine By Anthony Theau-Laurent and Erik van Duijvenvoorde "One of the key challenges in initially defining the damages is to evidence the breaches, which often depend on the knowledge and intention of parties involved." To read the re...
Reinier Huisman (39) has joined the international financial consultancy firm Accuracy from his previous position as a member of the Global Strategy/M&A team at eBay Inc, effective 1st September. Huisman has many years of experience in strategy consultancy and will be re...
Accuracy has appointed M&A specialist Bas Dantuma (36) as a senior manager within its transactions practice....
Published in: Financier Worldwide By Anthony Theau-Laurent The international arbitration landscape has been a hive of activity in recent times. Among the ongoing trends are the growing complexity and variety of cases, the increasing use of third-party funding and the co...
Published in: Financier Worldwide by Giovanni Foti Despite (i) the increasing awareness of fraud and corruption amoung leaders and boards of directors, (ii) the implementation of stronger compliance models aimed at preventing fraud, bribery and corruption cases, and (ii...
Accuracy has added former KPMG partner Jan Gijsbert Bakker as an external consultant to its litigation support team in anticipation of a sharp increase in the practice’s activities in the Netherlands. The firm expects increased demand for its services following the esta...
Frankfurt am Main, 17 October 2016 – Effective 1 October 2016, Kay Wüste has become partner at Accuracy in Frankfurt. Together with Dr. Ekaterina Lohwasser he forms the leadership team of Accuracy Deutschland GmbH. Following a strategic realignment last year, the aim is...
Just three months ago Accuracy, for the second year running, was ranked number one in the category "Best Workplaces in France: fewer than 500 employees" by the Great Place to Work Institute. Today, Accuracy is again in the spotlight after being awarded 13th place in the...
Heiko Ziehms, Erik van Duijvenvoorde and Edmond Richards of financial advisory firm Accuracy introduce the findings of a report examining the major causes of post-M&A disputes. Few corporate activities waste as much management time, and cost as much money, as post-M&A d...
The “high standards and consideration” model – the managerial concept at the heart of Accuracy’s success – has once again been recognised in the Great Place to Work® rankings, which again places the firm in first position of "companies (less than 500 employees) where it...
After Paris, London, Delhi, the independent financial advisory firm invests in a new arbitration stronghold....
Accuracy is pleased to announce the promotions of six new partners. These promotions are made in a context of Accuracy’s continued growth since its foundation eleven years ago. Today, Accuracy has offices in ten countries, 280 professionals, 36 partners and has seen its...
Accuracy is pleased to announce that five of its partners – Jean-Baptiste de Courcel, Erik van Duijvenvoorde, Roula Harfouche, Christophe Schmit and Hervé de Trogoff – have been named among the leading arbitration expert witnesses worldwide in The International Who's Wh...
Roula Harfouche is a Partner and Anthony Theau-Laurent is a Director in the London office of Accuracy. They specialise in business and IP valuations particularly in dispute contexts, and in the assessment of complex damages in litigation and arbitration contexts. Here, ...
Accuracy is a used to being on podiums. This year, they have made it to the top spot....
Accuracy has been awarded first place in the 2015 edition of the Great Place to Work® rankings of "companies (less than 500 employees) where it is good to work in France". Patrick Dumoulin, Director of the Great Place to Work® Institute France, presented the award last ...
Published in: Transnational Dispute Management by Hervé de Trogoff and Roula Harfouche Given the choice, experts would generally prefer to get involved at the earliest possible stage of a dispute. Why? Because in our experience our early involvement results in both gre...
Accuracy has the pleasure to announce that Hervé de Trogoff has been named as one of the leading arbitration expert witnesses worldwide in The International Who's Who of Commercial Arbitration 2015, in which only 120 international experts were selected....
The Accuracy partners have the pleasure to announce the promotion of Nicolas Paillot de Montabertas a partner. Nicolas becomes the 19th partner in the Paris office and the 39th partner at worldwide level....
With twenty years of experience in corporate finance , Christian M. Paupe reinforces the Accuracy Canadian team....
Accuracy’s revenue up by 25% With Accuracy, for example, large cases have been successfully carried out: Saur, Club Med, Fnac, real estate clientele... As a result, the first semester for the independent financial consulting firm, consisting of 220 consultants (of which...
Accuracy continues its growth with the appointment of two new Partners and a Vice President....
Despite the current economic uncertainties, whether in mature economies or in emerging markets, countries and businesses are looking for creative solutions to achieve their long term views and fulfill their needs. Government and business leaders have to find ways to be ...
In today's environment more than ever, governments and businesses must respond to ever increasing pressure and scrutiny from stakeholders to provide tangible evidence that they are rapidly and effectively delivering on their plans and strategies while managing risks eff...
In a context of multiple crises (economic crisis, liquidity crisis, crisis of confidence) and strengthening of banking regulations (Basel III, Vickers report, Volcker Rule), financial institutions are forced to seriously reconsider their model and management. As such, A...
Accuracy announced this January that it was opening an office in New Delhi to support its European clients in India and also to offer its services to Indian companies. The management of this office has been entrusted to Sumit Khosla, who joined Accuracy as a Managing Pa...
Accuracy has reinforced its European presence by opening two new offices in Munich and Rome. At the same time, Accuracy has also set up its first office in North America: Accuracy Canada Inc., which is based in Montreal and Quebec. ...
Zeil: “Bavaria is a compelling location for international players” MUNICH Accuracy, the leading corporate finance advisory group, has opened an office in Munich, its second in Germany. Martin Zeil, Bavarian State Minister for Economic Affairs, welcomed the move saying:...
Erik van Duijvenvoorde has over 20 years’ experience in financial advisory services and will strengthen Accuracy’s European partnership thanks to his considerable knowledge of private equity and his British culture. He will share his time between Accuracy’s offices in P...
Accuracy details its involvement in bespoke solutions on the M&A market An emerging leader in Europe: Accuracy tells ACQ how it combines being one of the top workplaces in France with supplying a mix of bespoke solutions to the M&A market....
CAP 3000 Acquisition - Accuracy right on deals French corporate advisory firm Accuracy advised the Altarea-ABP-Predica consortium in their recent acquisition of the CAP 3000 shopping centre from Galeries Lafayette at a transaction price of €450 million reflecting a yiel...
Neuilly-sur-Seine, March 15, 2010 - For the second year running, Accuracy has earned its place on the list of "Best Workplaces" in France organised by the Great Place to Work® institute. This year once again, Accuracy is a Gold Prize-winner, taking third place in the ov...
Neuilly-sur-Seine, February 10, 2010 - Accuracy has recently appointed three new partners at its Paris office, which now has a total of 80 consultants. The promotion of Jean-Baptiste de Courcel, Frédéric Loeper and Henri Philippe brings the number of partners at the Par...
Neuilly-sur-Seine, September 2, 2009 - Accuracy has had a solid start for the autumn season as it further reinforced its teams with the recruitment of one new partner: Xavier Chevreux (ex Carlyle Group and the Legris Industries Group)....
These are the findings of a study carried out last March by Accuracy and CFNews involving 300 key players in the M&A sector for groups (with 70% achieving a turnover of more than €1 billion)...
At the start of 2012, the outlook for the world economy remains uncertain and highly divergent. Most emerging economies have shown an upturn and while there has been moderate recovery in North America, prospects for growth in Western Europe remain weak. Furthermore, cou...
Neuilly-sur-Seine, March 26, 2009 - For the first time since its foundation, Accuracy has competed for a place on the list of "the best workplaces" in France organised by the Great Place to Work® Institute. The company earned a place among the Gold Prize-winners, and to...
Neuilly-sur-Seine, January 21, 2009 - Xavier Gallais joined Accuracy in 2006 as Vice-President and has been made a Partner as of January 2009....
Levallois-Perret, July 10, 2008 - Rodolphe Pacciarella has become the 11th French partner and 17th European partner in Accuracy....
Levallois-Perret, May 14, 2008 - Accuracy has announced that it will open of its fourth European office in Milan. This office will join Accuracy’s other offices in Paris, Madrid and Amsterdam as it marks a new stage in Accuracy’s expansion throughout continental Europe....
Nicolas Bourdon becomes Accuracy’s 10th French partner and 14th European partner....
Accuracy has announced the recruitment of Rodolphe PACCIARELLA, Fabrice LEMARQUIS and Julien SANIER to further enhance its corporate recovery teams....
Levallois-Perret, June 5, 2007- Following the Paris and Madrid offices, Accuracy has announced the opening of its third European office in Amsterdam. The positioning policy and independence of this young financial consulting firm is attracting increasing numbers of comp...
Accuracy is expanding its real estate division with the recruitment of Gaëlle Mathey (age 35 , ESTP, an ESCP Master) and Nicolas Paillot de Montabert (age 29, ESSEC, DECF)....
Henri Philippe, age 33, a graduate of the ESC Bordeaux, MBA and PhD in Finance, has joined ACCURACY as a Senior Manager. Bruno Husson, age 52, HEC (‘76), holder of a state doctorate in Finance, and an adjunct professor of the HEC group, has joined ACCURACY as a Partner....
Accuracy, a subsidiary of the Aon group specialising in the provision of corporate financial consultancy services has created Accur'option®, an innovative new valuation model for all types of circumstances encountered within unlisted companies....
Just one year after being launched, Accuracy, a subsidiary of the Aon group specialising in corporate financial consultancy services, is opening a new office in Madrid....
Company leaders do not hesitate to enlist consulting services to carry out acquisition processes. During the following integration phase, management's attention naturally focuses on the operational aspects. Yet, the mastery of financial and accounting issues is essentia...
With the new IAS-IFRS accounting standards, financial valuation and the DCF (Discounted Cash Flows) method more particularly, have taken on key importance in the process of preparing consolidated accounts. This prospect is somewhat preoccupying given the lack of consens...
In recent years, business valuation has been central to many discussions that go beyond the small circle of financiers. The “fair value” of the IFRS accounting standards has led business leaders and auditors to look closely at valuation methods; given the high stakes in...
The strength and relevance of economic arguments are becoming increasingly important in valuations of damages, whether it involves a case as diverse as an intellectual property dispute, a failure to disclose by the seller, a violation of competition rules, or a wrongful...
Among the business valuation methods, the discounted cash flow (DCF) method has gotten a bad rap. At best, it is criticised for being based on sand, i.e. based on forecast data that are uncertain in principle. At worst, it is suspected of serving the desired result by a...
by Frédéric Duponchel, Chairman and CEO of Accuracy Frédéric Duponchel, Chairman and CEO of Accuracy In high-stakes litigation, the litigants may call upon a financial expert who works with their attorneys. In addition to mastery of the economic and financial aspects of...
During an acquisition, the analysis of pension liabilities and costs can turn out to be crucial from a financial point of view. The methods for handling these aspects highlight the economic issues related to these financial components....
Assessment of damages involves appraisal of the incurred loss (damnum emergens) and the lost profit (lucrum cessans). Behind financial and accounting calculations, which can seem simple, hide the practical difficulties of interpreting numerical concepts. These difficult...
To appraise brands, there are two approaches – intrinsic and analogical – which cover the two categories of methods implemented to appraise companies. Alongside these valuation approaches, there are also references that can provide an initial estimate. This article aims...
Accuracy is a corporate finance consulting firm specialising in litigation support. Assessment of damages involves appraisal of the incurred loss (damnum emergens) and the lost profit (lucrum cessans). Behind financial and accounting calculations, which can seem simple,...
Accuracy is a corporate finance consulting firm specialising in litigation support. Assessment of damages involves appraisal of the incurred loss (damnum emergens) and the lost profit (lucrum cessans). Behind financial and accounting calculations, which can seem simple,...
Do the accounting losses reported by the buyer of a company after the acquisition, representing a deterioration of the net assets, necessarily cause damages? How are they assessed? We will provide a number of lines of thought (Part 1) and an analytical framework (Part 2...
Appraising a financially troubled business in an LBO is a virtuous exercise that provides lessons. On the one hand, it provides an understanding of where the volatility of the value of the shares comes from. On the other hand, it demonstrates that holding the share of s...
Shareholders, mezzanine investors, senior bankers, management, and all of the parties involved in the financial restructuring of a business need objective information to fuel their thinking. An independent financial and economic analysis gives them a common basis for ne...
Very sluggish since 2008, the acquisition market could flash a hint of a recovery in fall 2009. Difficulty in levying debt, uncertainties about the cash flow forecasts, apprehension of stakeholders...the situation has not been conducive to the acquisitions/sales since l...
The advent of IFRS (International Financial Reporting Standards) has jostled the practices of businesses, auditors, and financial analysts. Among the many questions raised by the application of these standards, one in particular concerns valuers....
Key elements of investment capital issues, management packages are complex to appraise. Their value depends on the criteria specific to LBOs, but also the personal situation of the manager....
Accuracy, Corporate Recovery Services: Rodolphe Pacciarella and Stéphane Perrotto, associates, talk about Accuracy’s role in the Heuliez case...
Accuracy is regularly appointed as a financial and economic expert in litigation. Explain your mission. Frédéric Duponchel and Christophe Schmit: In most of our cases, we are appointed as a litigant expert. We are called upon by corporate attorneys or directly by compan...
In his book, General Theory of Employment, Interest and Money (1936), Keynes makes the analogy between the behaviour of beauty contest voters and that of investors in the stock market ....
Amid great caution in M&A, transaction support professionals should move towards detailed, targeted, critical analyses. Deviations from certain VDD standards, observed between 2001 and 2007, must leave room for alternative analysis tools....
Financial analysts are - or should be - amongst the most assiduous readers of the consolidated accounts published by listed companies, quite simply because this reading is one of the key components of their profession. By neglecting to do so at the height of the stock-m...
