Arnaud Lambert and Heiko Ziehms, partners at Accuracy, spoke at this conference on the 27^th March 2012 at the Cercle de l’Union Interalliée which brings together several German professionals.

The following topics were discussed:

• Recent M&A activity in Germany
• Key structural features of German businesses: consequences for French acquirers
• Legal forms of companies in the German Mittelstand and differences in governance (Council / Board of Directors vs. Executive Board / Supervisory Board and Vorstand / Aufsichtsrat). What should a French investor expect: German practices in VDD, financial aspects of the SPA, the paticularities of financial DD