{"id":57452,"date":"2025-10-17T14:51:52","date_gmt":"2025-10-17T12:51:52","guid":{"rendered":"https:\/\/www.accuracy.com\/?p=57452"},"modified":"2025-10-20T11:07:58","modified_gmt":"2025-10-20T09:07:58","slug":"lbo-en-difficulte-quelles-marges-de-manoeuvre-dans-un-contexte-incertain","status":"publish","type":"post","link":"https:\/\/www.accuracy.com\/en_gb\/lbo-en-difficulte-quelles-marges-de-manoeuvre-dans-un-contexte-incertain\/","title":{"rendered":"LBO en difficult\u00e9 : quelles marges de man\u0153uvre dans un contexte incertain ?"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"57452\" class=\"elementor elementor-57452\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e12aa3a e-flex e-con-boxed e-con e-parent\" data-id=\"e12aa3a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8247aec elementor-widget elementor-widget-text-editor\" data-id=\"8247aec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Dans la derni\u00e8re table ronde publi\u00e9e par <em>NextStep Magazine<\/em>, <strong>Pierre von Rosenschild<\/strong>, directeur chez @Accuracy, apporte son \u00e9clairage sur les restructurations de LBO dans un environnement \u00e9conomique marqu\u00e9 par l\u2019incertitude et la volatilit\u00e9 des taux.<\/p><p>Aux c\u00f4t\u00e9s\u00a0de Laura Bavoux (Cabinet Franklin), S\u00e9gol\u00e8ne Coiffet (De Pardieu Brocas Maffei), Th\u00e9o Fornacciari (FHBX) et Pierre Bourion (BTSG), il revient sur :<\/p><ul><li>la n\u00e9cessit\u00e9 de r\u00e9\u00e9quilibre des bilans et d\u2019anticipation de l\u2019\u00e9volution de la tr\u00e9sorerie,<\/li><li>l\u2019\u00e9volution des outils et techniques de restructuration (classes de parties affect\u00e9es, golden share, fiducie equitization\u2026),<\/li><li>et l\u2019importance d\u2019une approche anticip\u00e9e, transparente et durable.<\/li><\/ul><p><br \/>Une contribution qui illustre la complexit\u00e9 croissante des ren\u00e9gociations et la place centrale du conseil financier dans leur r\u00e9ussite.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4f8a7c9 e-flex e-con-boxed e-con e-parent\" data-id=\"4f8a7c9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f4789f8 elementor-widget elementor-widget-text-editor\" data-id=\"f4789f8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><div class=\"_df_book df-lite\" id=\"df_57457\"  _slug=\"nextstep-magazine\" data-title=\"nextstep-magazine\" wpoptions=\"true\" thumbtype=\"\" ><\/div><script class=\"df-shortcode-script\" nowprocket type=\"application\/javascript\">window.option_df_57457 = {\"outline\":[],\"viewerType\":\"slider\",\"autoEnableOutline\":\"false\",\"autoEnableThumbnail\":\"false\",\"overwritePDFOutline\":\"false\",\"direction\":\"1\",\"pageSize\":\"0\",\"source\":\"https:\\\/\\\/www.accuracy.com\\\/wp-content\\\/uploads\\\/2025\\\/10\\\/NEXTSTEP_TR_REST_OCT25.pdf\",\"wpOptions\":\"true\"}; if(window.DFLIP && window.DFLIP.parseBooks){window.DFLIP.parseBooks();}<\/script><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Dans la derni\u00e8re table ronde publi\u00e9e par NextStep Magazine, Pierre von Rosenschild, directeur chez @Accuracy, apporte son \u00e9clairage sur les restructurations de LBO dans un environnement \u00e9conomique marqu\u00e9 par l\u2019incertitude et la volatilit\u00e9 des taux. Aux c\u00f4t\u00e9s\u00a0de Laura Bavoux (Cabinet Franklin), S\u00e9gol\u00e8ne Coiffet (De Pardieu Brocas Maffei), Th\u00e9o Fornacciari (FHBX) et Pierre Bourion (BTSG), il [&hellip;]<\/p>\n","protected":false},"author":42,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[113],"tags":[],"class_list":["post-57452","post","type-post","status-publish","format-standard","hentry","category-france"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>LBO en difficult\u00e9 : quelles marges de man\u0153uvre dans un contexte incertain ? - Accuracy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.accuracy.com\/en_gb\/lbo-en-difficulte-quelles-marges-de-manoeuvre-dans-un-contexte-incertain\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LBO en difficult\u00e9 : quelles marges de man\u0153uvre dans un contexte incertain ?\" \/>\n<meta property=\"og:description\" content=\"Dans la derni\u00e8re table ronde publi\u00e9e par NextStep Magazine, Pierre von Rosenschild, directeur chez @Accuracy, apporte son \u00e9clairage sur les restructurations de LBO dans un environnement \u00e9conomique marqu\u00e9 par l\u2019incertitude et la volatilit\u00e9 des taux. Aux c\u00f4t\u00e9s\u00a0de Laura Bavoux (Cabinet Franklin), S\u00e9gol\u00e8ne Coiffet (De Pardieu Brocas Maffei), Th\u00e9o Fornacciari (FHBX) et Pierre Bourion (BTSG), il [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.accuracy.com\/en_gb\/lbo-en-difficulte-quelles-marges-de-manoeuvre-dans-un-contexte-incertain\/\" \/>\n<meta property=\"og:site_name\" content=\"Accuracy\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-17T12:51:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-20T09:07:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.accuracy.com\/wp-content\/uploads\/2023\/10\/Accuracy.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Van Nguyen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Van Nguyen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.accuracy.com\\\/en_gb\\\/lbo-en-difficulte-quelles-marges-de-manoeuvre-dans-un-contexte-incertain\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.accuracy.com\\\/en_gb\\\/lbo-en-difficulte-quelles-marges-de-manoeuvre-dans-un-contexte-incertain\\\/\"},\"author\":{\"name\":\"Van Nguyen\",\"@id\":\"https:\\\/\\\/www.accuracy.com\\\/#\\\/schema\\\/person\\\/11632b97ec903a99c3d7ea899eb532f0\"},\"headline\":\"LBO en difficult\u00e9 : quelles marges de man\u0153uvre dans un contexte incertain ?\",\"datePublished\":\"2025-10-17T12:51:52+00:00\",\"dateModified\":\"2025-10-20T09:07:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.accuracy.com\\\/en_gb\\\/lbo-en-difficulte-quelles-marges-de-manoeuvre-dans-un-contexte-incertain\\\/\"},\"wordCount\":148,\"publisher\":{\"@id\":\"https:\\\/\\\/www.accuracy.com\\\/#organization\"},\"articleSection\":[\"France\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.accuracy.com\\\/en_gb\\\/lbo-en-difficulte-quelles-marges-de-manoeuvre-dans-un-contexte-incertain\\\/\",\"url\":\"https:\\\/\\\/www.accuracy.com\\\/en_gb\\\/lbo-en-difficulte-quelles-marges-de-manoeuvre-dans-un-contexte-incertain\\\/\",\"name\":\"LBO en difficult\u00e9 : quelles marges de man\u0153uvre dans un contexte incertain ? - Accuracy\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.accuracy.com\\\/#website\"},\"datePublished\":\"2025-10-17T12:51:52+00:00\",\"dateModified\":\"2025-10-20T09:07:58+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.accuracy.com\\\/en_gb\\\/lbo-en-difficulte-quelles-marges-de-manoeuvre-dans-un-contexte-incertain\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.accuracy.com\\\/en_gb\\\/lbo-en-difficulte-quelles-marges-de-manoeuvre-dans-un-contexte-incertain\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.accuracy.com\\\/en_gb\\\/lbo-en-difficulte-quelles-marges-de-manoeuvre-dans-un-contexte-incertain\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\\\/\\\/www.accuracy.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"LBO en difficult\u00e9 : quelles marges de man\u0153uvre dans un contexte incertain ?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.accuracy.com\\\/#website\",\"url\":\"https:\\\/\\\/www.accuracy.com\\\/\",\"name\":\"Accuracy\",\"description\":\"Business Advisers - Financial Consultants\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.accuracy.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.accuracy.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.accuracy.com\\\/#organization\",\"name\":\"Accuracy\",\"url\":\"https:\\\/\\\/www.accuracy.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.accuracy.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.accuracy.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/unnamed-3.jpg\",\"contentUrl\":\"https:\\\/\\\/www.accuracy.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/unnamed-3.jpg\",\"width\":512,\"height\":512,\"caption\":\"Accuracy\"},\"image\":{\"@id\":\"https:\\\/\\\/www.accuracy.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/company\\\/accuracy\\\/?originalSubdomain=fr\",\"https:\\\/\\\/www.instagram.com\\\/accuracycareers\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.accuracy.com\\\/#\\\/schema\\\/person\\\/11632b97ec903a99c3d7ea899eb532f0\",\"name\":\"Van Nguyen\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/27587e10d01526746e7b14cb85a5f576db20b866c16132e69118b2b76e127aff?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/27587e10d01526746e7b14cb85a5f576db20b866c16132e69118b2b76e127aff?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/27587e10d01526746e7b14cb85a5f576db20b866c16132e69118b2b76e127aff?s=96&d=blank&r=g\",\"caption\":\"Van Nguyen\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"LBO en difficult\u00e9 : quelles marges de man\u0153uvre dans un contexte incertain ? - Accuracy","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.accuracy.com\/en_gb\/lbo-en-difficulte-quelles-marges-de-manoeuvre-dans-un-contexte-incertain\/","og_locale":"en_GB","og_type":"article","og_title":"LBO en difficult\u00e9 : quelles marges de man\u0153uvre dans un contexte incertain ?","og_description":"Dans la derni\u00e8re table ronde publi\u00e9e par NextStep Magazine, Pierre von Rosenschild, directeur chez @Accuracy, apporte son \u00e9clairage sur les restructurations de LBO dans un environnement \u00e9conomique marqu\u00e9 par l\u2019incertitude et la volatilit\u00e9 des taux. Aux c\u00f4t\u00e9s\u00a0de Laura Bavoux (Cabinet Franklin), S\u00e9gol\u00e8ne Coiffet (De Pardieu Brocas Maffei), Th\u00e9o Fornacciari (FHBX) et Pierre Bourion (BTSG), il [&hellip;]","og_url":"https:\/\/www.accuracy.com\/en_gb\/lbo-en-difficulte-quelles-marges-de-manoeuvre-dans-un-contexte-incertain\/","og_site_name":"Accuracy","article_published_time":"2025-10-17T12:51:52+00:00","article_modified_time":"2025-10-20T09:07:58+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/www.accuracy.com\/wp-content\/uploads\/2023\/10\/Accuracy.png","type":"image\/png"}],"author":"Van Nguyen","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Van Nguyen","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.accuracy.com\/en_gb\/lbo-en-difficulte-quelles-marges-de-manoeuvre-dans-un-contexte-incertain\/#article","isPartOf":{"@id":"https:\/\/www.accuracy.com\/en_gb\/lbo-en-difficulte-quelles-marges-de-manoeuvre-dans-un-contexte-incertain\/"},"author":{"name":"Van Nguyen","@id":"https:\/\/www.accuracy.com\/#\/schema\/person\/11632b97ec903a99c3d7ea899eb532f0"},"headline":"LBO en difficult\u00e9 : quelles marges de man\u0153uvre dans un contexte incertain ?","datePublished":"2025-10-17T12:51:52+00:00","dateModified":"2025-10-20T09:07:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.accuracy.com\/en_gb\/lbo-en-difficulte-quelles-marges-de-manoeuvre-dans-un-contexte-incertain\/"},"wordCount":148,"publisher":{"@id":"https:\/\/www.accuracy.com\/#organization"},"articleSection":["France"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/www.accuracy.com\/en_gb\/lbo-en-difficulte-quelles-marges-de-manoeuvre-dans-un-contexte-incertain\/","url":"https:\/\/www.accuracy.com\/en_gb\/lbo-en-difficulte-quelles-marges-de-manoeuvre-dans-un-contexte-incertain\/","name":"LBO en difficult\u00e9 : quelles marges de man\u0153uvre dans un contexte incertain ? - Accuracy","isPartOf":{"@id":"https:\/\/www.accuracy.com\/#website"},"datePublished":"2025-10-17T12:51:52+00:00","dateModified":"2025-10-20T09:07:58+00:00","breadcrumb":{"@id":"https:\/\/www.accuracy.com\/en_gb\/lbo-en-difficulte-quelles-marges-de-manoeuvre-dans-un-contexte-incertain\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.accuracy.com\/en_gb\/lbo-en-difficulte-quelles-marges-de-manoeuvre-dans-un-contexte-incertain\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.accuracy.com\/en_gb\/lbo-en-difficulte-quelles-marges-de-manoeuvre-dans-un-contexte-incertain\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/www.accuracy.com\/"},{"@type":"ListItem","position":2,"name":"LBO en difficult\u00e9 : quelles marges de man\u0153uvre dans un contexte incertain ?"}]},{"@type":"WebSite","@id":"https:\/\/www.accuracy.com\/#website","url":"https:\/\/www.accuracy.com\/","name":"Accuracy","description":"Business Advisers - Financial Consultants","publisher":{"@id":"https:\/\/www.accuracy.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.accuracy.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.accuracy.com\/#organization","name":"Accuracy","url":"https:\/\/www.accuracy.com\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.accuracy.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.accuracy.com\/wp-content\/uploads\/2023\/08\/unnamed-3.jpg","contentUrl":"https:\/\/www.accuracy.com\/wp-content\/uploads\/2023\/08\/unnamed-3.jpg","width":512,"height":512,"caption":"Accuracy"},"image":{"@id":"https:\/\/www.accuracy.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/accuracy\/?originalSubdomain=fr","https:\/\/www.instagram.com\/accuracycareers\/"]},{"@type":"Person","@id":"https:\/\/www.accuracy.com\/#\/schema\/person\/11632b97ec903a99c3d7ea899eb532f0","name":"Van Nguyen","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/secure.gravatar.com\/avatar\/27587e10d01526746e7b14cb85a5f576db20b866c16132e69118b2b76e127aff?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/27587e10d01526746e7b14cb85a5f576db20b866c16132e69118b2b76e127aff?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/27587e10d01526746e7b14cb85a5f576db20b866c16132e69118b2b76e127aff?s=96&d=blank&r=g","caption":"Van Nguyen"}}]}},"_links":{"self":[{"href":"https:\/\/www.accuracy.com\/en_gb\/wp-json\/wp\/v2\/posts\/57452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.accuracy.com\/en_gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.accuracy.com\/en_gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.accuracy.com\/en_gb\/wp-json\/wp\/v2\/users\/42"}],"replies":[{"embeddable":true,"href":"https:\/\/www.accuracy.com\/en_gb\/wp-json\/wp\/v2\/comments?post=57452"}],"version-history":[{"count":19,"href":"https:\/\/www.accuracy.com\/en_gb\/wp-json\/wp\/v2\/posts\/57452\/revisions"}],"predecessor-version":[{"id":57488,"href":"https:\/\/www.accuracy.com\/en_gb\/wp-json\/wp\/v2\/posts\/57452\/revisions\/57488"}],"wp:attachment":[{"href":"https:\/\/www.accuracy.com\/en_gb\/wp-json\/wp\/v2\/media?parent=57452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.accuracy.com\/en_gb\/wp-json\/wp\/v2\/categories?post=57452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.accuracy.com\/en_gb\/wp-json\/wp\/v2\/tags?post=57452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}