Accuracy has been assigned by SPAC Pegasus Entrepreneurs to perform the financial due diligence in the context of the following operation: FL Entertainment (composed of Banijay Group and Betclic Everest Group) is merging with SPAC Pegasus Entrepreneurs, which has been backed by European investment firm Tikehau Capital and Financière Agache. Transaction gives implied pro forma […]
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 consider price dynamics in the three major economic […]
Accuracy conducted strategic buy-side due diligence for Andera Partners in the context of the acquisition of a stake in Telecom Design.
Accuracy conducted financial buy-side due diligence for FNB in the context of the acquisition of Moussline (Nestlé).
When improvement does not necessarily rhyme with simplification Hervé GoulletquerSenior Economic Advisor, Accuracy Today, though this statement may apply more to developed countries than to developing countries, the economic landscape appears on the surface more promising. COVID-19 is on the verge of transforming from epidemic into endemic. Economic recovery is considered likely to last, and […]
Does the value of work still mean something Sophie ChassatPhilosopher, Partner at Wemean ‘When “the practice of one’s profession” cannot be directly linked with the supreme spiritual values of civilisation – and when, conversely, it cannot be experienced subjectively as a simple economic constraint – the individual generally abandons giving it any meaning ’, wrote […]
Retail banking, the old guard versus the new Retail banking is a sector that is set to see its rate of transformation accelerate in the next few years. The past 10 years have seen in particular distribution methods evolve towards more digitalisation, without calling into question the physical model, however. In the 10 years to […]
H2X-Ecosystems Romain ProglioPartner, Accuracy Founded in 2018 in Saint Malo, H2X-Ecosystems provides companies and regional authorities with the opportunity to create complete virtuous ecosystems marrying energy production and decarbonised mobility. These ecosystems enable both the production and the consumpt ion of hydrogen on-site. They are co-built with and for local actors to make the most […]
A new golden age of nuclear power! René PigotPartner, Accuracy After being weakened by various events and decisions that shed an unfavourable light on it (Fukushima, Flamanville, Fessenheim), the nuclear industry is now enjoying something of a resurgence. The French president’s recent announcement of a programme to build six EPR2 reactors shows his choice to […]
For our fourth edition of the Accuracy Talks Straight, René Pigot discusses about the nuclear industry, before letting Romain Proglio introduce us to H2X-Ecosystems, a start-up that enable both the production and the consumpt ion of hydrogen on-site. We then analyse the development of the retail baking with David Chollet, Nicolas Darbo and Amaury Pouradier […]
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 some of the impacts of the ongoing crisis […]
Accuracy conducted financial due diligence for Boralex in the context of its agreement with Energy Infrastructure Partners to support the implementation of its Strategic Plan in France.
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 what it tells us of the level of confidence […]
Accuracy supported House of HR in performing the financials due diligence in the context of the acquisition of TMI
Accuracy supported House of HR with the acquisition of the Dutch company TMI, a company specialised in secondment and recruitment in health care. With the TMI acquisition, House of HR aims to increase its presence in the healthcare sector a market in which the group has long wanted to position itself on a larger scale. […]
Our partners Morgan Heavener, Frédéric Loeper, and Darren Mullins authored an Expert Analysis Chapter for the International Comparative Legal Guide – Corporate Investigations 2022. The chapter, New Frontiers in Compliance Due Diligence: Data Analytics and AI-Based Approaches to Reviewing Acquisition Targets, shares their insights regarding the increasing regulatory and practical requirements for conducting compliance-related due […]
Dear clients, partners and friends, In these critical and unprecedented circumstances that we are all experiencing, our priority is to preserve the health of our teams, whilst continuing our activity with the same exacting standards and high quality that you have come to know. Some of our offices in Asia have been affected for several […]
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 forecast development, as predicted by the […]
FOURTEEN ACCURACY EXPERTS ARE RECOGNISED AS LEADING ARBITRATION EXPERT WITNESSES IN THE WHO’S WHO LEGAL: ARBITRATION 2022
Accuracy is pleased to announce that fourteen of its experts have been named among the leading Arbitration Expert Witnesses in the Who’s Who Legal: Arbitration 2022. Through nominations from peers and clients, the following Accuracy experts have been recognised as the leading names in the field: • Guido Althaus• Nicolas Barsalou• Nicolas Bourdon• Laura Cózar• […]
For our third edition of Accuracy Talks Straight, Frédéric Recordon discusses business and economic developments in China, before letting Romain Proglio introduce us to Amiral Technologies, a start-up specialised in disruptive technology. We then analyse the development of the hydrogen industry with Jean-François Partiot and Hervé de Trogoff.Sophie Chassat, philosopher and partner at Wemean, explores […]
China – when one risk may hide another! Hervé GoulletquerSenior Economic Adviser, Accuracy When we look at the Chinese economy, in this early autumn, two dynamics emerge. First, from a macroeconomic perspective, we can note very disappointing GDP growth during the third quarter of the year. As was forecast by Bloomberg’s economic consensus, one of […]
Numbers lie Bruno MartinaudEntrepreneurship Academic Director, Ecole Polytechnique It’s 2009. Kevin Systrom (soon joined by his co-founder, Mike Krieger) is working on a geolocation social media project, similar to Foursquare. Together, they manage to convince Baseline Ventures and Andressen Horowitz to invest $500,000 in the project. This enables them to dedicate themselves full time to […]
‘As one’ Sophie ChassatPhilosopher, Partner at Wemean Culturally, China functions as our opposite: its customs, mental models and rituals are highly compelling to us. To our great benefit, the philosopher François Jullien insists, seeing in Chinese thought a valuable means of decentring ourselves and leaving behind the certainties of Western culture – particularly binarism, a […]
Accelerating development in the hydrogen sector For some years now, hydrogen has been presented as the miraculous solution to develop clean transport and energy storage on a large scale. The combustion of hydrogen, which produces energy, water and oxygen only, is indeed 100% clean, and we can certainly glimpse its promising potential. However, the carbon […]
Amiral Technologies Romain ProglioPartner, Accuracy On 21 October 2021, Amiral Technologies announced its first round of fundraising totalling €2.8m. This represents an initial success for the start-up, founded in 2018 in Grenoble on the basis of an observation shared by numerous industrial players: how can we reliably predict breakdowns? A spin-off of the CNRS, Amiral […]
Editorial Frédéric RecordonPartner, Accuracy GOVERNING A GREAT COUNTRY IS LIKE COOKING A SMALL FISH1 At first glance, everything seems to be going well in China. The country has overcome the COVID-19 pandemic, its economy has regained momentum, and it seems to be entering a new era of prosperity, one that European businesses present in the […]
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. We will also look into how inflation […]
Accuracy conducted financial buy-side due diligence for Montefiore in the context of the investment in NGE.
Accuracy supported Baas B.V. in an IMAP led sales process through providing vendor due diligence support and support in the discussions with (contemplated) purchasers
Accuracy supported the shareholder and management of Baas B.V. – a Dutch player in the construction of energy infrastructure with additional services in the field of fiber optic networks and in-building installations – with the sale of part of its shares to GIMV, a private equity investor with offices in Belgium, the Netherlands, Germany and […]
Accuracy conducted financial buy-side due diligence and assistance in financing for Sirail in the context of the acquisition of IGM – Electromechanical & Electronic Systems.
Accuracy conducted financial buy-side due diligence for ALD Automotive in the context of the acquisition of Fleetpool.
Accuracy conducted financial vendor due diligence for MBO&Co, FINCAP Invest and other investors in the context of the sale of IMMR to Veranex (backed by Summit Partners).
Accuracy conducted financial buy-side due diligence for Pernod Ricard in the context of of the acquisition of The Whisky Exchange.
Accuracy, the international independent advisory firm, has promoted four of its directors to partners in its Paris, Montreal and Singapore offices. This brings the total number of Accuracy partners to 56, spread across 13 countries.
Accuracy conducted financial buy-side due diligence for 21 Invest in the context of the acquisition of Edukea Group, an European platform specialized in the training of natural health and well-being professions.
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 Economic Brief, we will look into the reasons behind this […]
Accuracy is pleased to be a partner of the Paris Arbitration Week this year for the third time. To find out more about our arbitration practice, please click on the brochure below.
Accuracy conducted strategic buy-side due diligence for InfraVia Capital Partners in the context of the acquisition of a majority stake in the Grandir nursery group
Accuracy conducted financial buy-side due diligence for H.I.G. Capital in the context of the acquisition of Quick Restaurants S.A.
Accuracy, the global independent advisory firm, has promoted two of its directors to partners in its Singapore office. This brings Accuracy’s total number of partners to 56, across 13 countries. Samuel Widdowson specialises in forensic construction planning and programming in a variety of contexts, whilst Zaheer Minhas specialises in major projects infrastructure advisory across multiple […]
Accuracy conducted the financial vendor due diligence for Sodexo in the disposal of Liveli to Grandir.
Accuracy provided the Vendor Assistance for the Briochin group in the context of its disposal to Altaïr, with Eurazeo as its principal stakeholder.
Inflationary risk: where should we be looking? Hervé GoulletquerSenior Economic Advisor, Accuracy Let’s remember the time before the pandemic. Prices are reasonable. From the beginning of 2010 to the beginning of 2020, the average annual increase in consumer price indices, when we exclude particularly volatile items like energy and food products, reaches 1.8% in the […]
Considerations on public debt Jean-Marc DanielFrench economist, Professor at ESCP Business School By replacing corporate debt, the economic support policies linked to COVID-19 have sent public debt levels through the roof globally. According to the IMF, global public debt should increase from 83% of GDP at the end of 2019 to 100% at the end […]
Coming out of a crisis, but what are we heading into? Sophie ChassatPhilosopher, partner at Wemean The metaphor is a medical one: a crisis is the “critical” moment where everything can change one way or the other – the moment of vitality or the moment of mortality. It would seem, however, that things might not […]
The aeronautics industry is feeling the heat Air transport is at the top of the list when it comes to sectors most heavily affected by the COVID-19 crisis. Behind it, the entire aeronautics industry is suffering, from manufacturers to equipment suppliers of all sizes. The shock is all the more brutal as annual growth stood […]
Delfox Romain ProglioPartner, Accuracy Founded in 2018 in Bordeaux, Delfox is an artificial intelligence platform that uses reinforcement learning to model systems able to evolve intelligently, autonomously and intuitively in a constantly changing environment, without human intervention or programming in advance. The technology developed by Delfox consists in giving objectives to the AI, which must […]
Editorial Nicolas BarsalouPartner, Accuracy THE CRISIS AND WHAT FOLLOWED* The crisis that we have been experiencing for almost one and half years now has no equivalent in modern history. It is neither a classic cyclical crisis, nor a replica of the great financial crisis of 2008. It would be dangerous to think, therefore, that we […]
For the second edition of Accuracy Talks Straight, Nicolas Barsalou gives us his point of view on the way out of the crisis, before letting Romain Proglio introduce us to Delfox, a start-up specialising in artificial intelligence. We will then analyse the impact of the crisis on the aeronautics sector with Philippe Delmas, Senior Aerospace […]
Our partner Anthony Theau Laurent and director Edmond Richards were featured on the sixth edition of “The investment treaty arbitration review” by The Law Reviews, sharing their insights on Causation.
Accuracy advised Latécoère in the context of its financial restructuring.
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 United States, Europe and elsewhere.
Accuracy conducted financial buy-side due diligence and provided assistance with the SPA and completion accounts for Schneider Electric in the context of the acquisition of a controlling stake in ETAP Automation.
Comment accroître le ROCE dans les secteurs industriels grâce à la prédiction de pannes ?
Accuracy provided financial due diligence support to House of HR on the acquisition of Cohedron, a leading group of full-service companies in the public sector. The takeover enables House of HR to strengthen their position on the Dutch market and in the public service sector.
Accuracy conducted vendor due diligence for Résilians in the context of its sale to Motion Equity Partners.
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 of debt.
Accuracy conducted financial due diligence for Tikamoon’s management and Eres in the context of the disposal of Adeo shares.
Accuracy advised Fives Nordon in the context of the acquisition of ACPP’s assets (Manoir Industries group).
Accuracy conducted buy-side financial due diligence for Amundi PEF and a consortium of funds in the context of their acquisition of a stake in The Reefer Group.
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 comments comparing the economic situation in the 2020s with the 1920s to […]
Accuracy assisted NewPort Capital with its investment in Amslod, a a fast-growing and leading direct-to-consumer Dutch e-bike brand. The investment of NewPort Capital will enable Amslod to accelerate its growth strategy and strengthen its position in the Dutch and European E-bike sector.
Accuracy conducted financial due diligence for Saint-Gobain in the context of the acquisition of Chryso from Cinven.
Accuracy conducted buy-side financial due diligence for Kartesia Advisor in the context of the acquisition of Babcock Wanson.
Accuracy conducted buy-side financial due diligence for Naxicap Partners in the context of the acquisition of Ardian’s stake in Groupe Lagarrigue.
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 the crisis on debt servicing for companies […]
Accuracy performed vendor due diligence on behalf of Primetals Technologies in the context of the sale of Primetals Technologies France to Mutuares.
Accuracy performed vendor due diligence on behalf of Groupe Maus Frères in the context of the sale of Jumbo to Coop.
Accuracy advised AccorInvest in the context of its financial restructuring.
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 alive and well.
SUMMARY 01. One Partner, One View > 02. Start-up stories > 03. Industry insight > 04. The Cultural Corner > 05. The Academic insight > 06. Economic point of view > Editorial Frédéric DuponchelManaging partner, Accuracy Thirty per cent of jobs are ‘remote-workable’. That is the conclusion of a French study led by the Ministry […]
FOURTEEN ACCURACY EXPERTS ARE RECOGNISED AS LEADING ARBITRATION EXPERT WITNESSES IN THE WHO’S WHO LEGAL: ARBITRATION 2021
Accuracy is pleased to announce that fourteen of its experts have been named among the leading Arbitration Expert Witnesses in the Who’s Who Legal: Arbitration 2021. Through nominations from peers and clients, the following Accuracy experts have been recognised as the leading names in the field: • Nicolas Barsalou• Nicolas Bourdon• Jean-Baptiste de Courcel• Hervé de Trogoff• Laura Cózar• Giovanni Foti• Damien […]
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 of stress for economies in only six months instead of […]
Accuracy supported International Cookware in its takeover of Duralex.
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 countries.
Accuracy assisted Korian in the structuring, modelling and conclusion of a major real estate partnership with BNP Paribas Cardif and EDF Invest. This long-term partnership relates to a pan-European vehicle of 81 health assets that will be controlled and managed by the Korian group.
Accuracy advised Société Générale in the context of its acquisition of Reezocar.
Accuracy advised Consolis in the context of the sale of its railway division.
Accuracy is pleased to have sponsored the BFM Awards 2020 and to have awarded Bris Rocher, CEO of Groupe Rocher, with the Entrepreneur of the Year Award. Click here to watch the video of the awards (in French). (In the photo: Bris Rocher and Frédéric Duponchel, CEO of Accuracy)
Accuracy advised Inteva Products LLC in the context of its takeover of Inteva Products France.
Accuracy advised Schneider Electric in the context of its acquisition of ETAP Automation.
Accuracy conducted sell-side due diligence for Saint-Gobain in the context of the sale of Lapeyre to Mutares.
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 […]
Accuracy advised Bio c’Bon in the context of its acquisition by Carrefour.
Report highlights Accuracy’s global reach, cross-disciplinary skills, innovative technology Accuracy has been named in Global Investigations Review’s GIR 100 2020, an independent guide to the world’s top 100 investigations firms. The GIR 100 is based on extensive research with practitioners in the field and identifies those firms able to handle sophisticated cross-border government-led and internal […]
Accuracy conducted financial buy-side due diligence for Ascom Invest (holding of Group By My Car) in the context of the acquisition of Marcel from Group Renault.
Accuracy conducted sell-side financial due diligence for Ardian in the context of the sale of Kersia to IK Investment partners.
Fifteen Accuracy experts are recognised as leading Arbitration Expert Witnesses in the Who’s Who Legal: Arbitration 2021
Accuracy is pleased to announce that fifteen of its experts have been named among the leading Arbitration Expert Witnesses in the Who’s Who Legal: Arbitration 2021. Through nominations from peers and clients, the following Accuracy experts have been recognised as the leading names in the field: • Nicolas Barsalou • Nicolas Bourdon • Jean-Baptiste de […]
We are pleased to announce that Erik van Duijvenvoorde, Accuracy partner, has been nominated as Thought Leader in the 2020 Arbitration rankings. Q&A: https://whoswholegal.com/erik-van-duijvenvoorde LinkedIn post: https://www.linkedin.com/posts/fadia-benamar-77b6a915_gar-activity-6706583462935187456-amix
Accuracy performed vendor due diligence for Suez in the context of the sale of Osis to Veolia.
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 millions lost their jobs and indebtedness has greatly increased. […]
Accuracy advised Ascoval and France Rail Industry in the context of their acquisition by the British Liberty Steel.
Accuracy provided buy-side assistance to Schneider Electric in the context of the public takeover of German construction software company RIB Software.
Accuracy conducted financial buy-side due diligence for Kersia in the context of the acquisition of Holchem from Ecolab.
Accuracy advised KKR in the context of the acquisition of its majority stake in Etche France.
Accuracy conducted buy-side due diligence for Bioclinic in the context of the acquisition of Biomega.
We have released our latest COVID-19 article on the construction industry. Read more on our construction disputes section here.
Great Place To Work® has announced the results for the 2020 Best Workplaces in France awards. For the 12th year in a row, Accuracy is among the top-ranked participants, taking fourth place in the 50–500 employees category.
Accuracy conducted buy-side due diligence for La Caisse de Dépôts et Consignations in the context of the acquisition of investment stakes held by l’Agence des Participations de l’Etat and La Banque Postale in the Société de Financement Local (SFIL), ex-Dexia Crédit Local.
Accuracy received the Great Place to Work certification for all of its participating offices. What is the Great Place to Work® Certification? Great Place to Work® Certification is the most definitive ‘Employer-of-Choice’ recognition that organisations aspire to achieve. The Certification is recognised all around the world by employees and employers alike and is considered the […]
Accuracy conducted buy-side due diligence for AXA REIM in the context of the acquisition of the Italie II shopping centre from Hammerson.
Accuracy conducted sell-side financial due diligence for Tishman Speyer in the context of the sale of the Lumière building (Paris) to Primonial and Samsung.
Accuracy conducted sell-side financial due diligence for ADIA in the context of the sale of property assets to Primonial.
Accuracy conducted sell-side financial due diligence for ADIA in the context of the sale of property assets to Amundi Immobilier and Crédit Agricole Centre Est.
Accuracy conducted sell-side financial due diligence for Naxicap in the context of the sale of a minority stake in Emerige to Eurazeo.
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 is sponsoring a series of events called “Arbitration Leading Minds”, organised by King’s College London and the Spanish Arbitration Club. During these events the attendees will get to know better the leading arbitration practitioners through one-on-one interviews. The content of the interviews will combine personal and professional anecdotes with a substantive discussion of current […]
Accuracy conducted sell-side financial diligence for the shareholders of Elivie, in the context of Ardian’s entry in the share capital of Elivie’s subsidiary Santé CIE.
Accuracy conducted buy-side due diligence for LVMH in the context of the acquisition of a minority stake in Masoni.
Accuracy was engaged by Cobepa to perform due diligence on both Sparflex and Enoplastic in the context of the merger of the two groups.
Accuracy advised Ardian in the context of the acquisition of Cérélia.
Accuracy assisted Société Générale in the divestment process of PEMA GmbH, a truck and trailer rental company managing a fleet of around 19,000 vehicles in seven countries across Europe.
Accuracy performed financial due diligence in the context of the acquisition of Biscuit International by Platinum Equity.
Global Investigations Review Publishes Article on Corporate Investigations by Accuracy Partner Rick Barker
“Within the evidence that we collect for document reviews, there are often glaring red flags indicating guilty behaviour. They can be used at the outset of an investigation to assess whether there really is an issue, including by highlighting who has something to hide and what they are hiding.” Global Investigations Review publishes article on […]
Accuracy advised Naxicap Partners in the context of the acquisition of alwitra Group, a German manufacturer of system solutions for flat roofs. The company was acquired from its management.
Accuracy provided financial sell-side assistance to Covestro AG, a DAX 30 listed chemicals group, in the context of the sale of its European systems house business to H.I.G. European Capital Partners.
A new ‘Brexit Index’ that measures the strength of the economic relationship between the EU and UK – based on the movement of people, goods, services and investment – has dropped 12% before Brexit has even happened, according to global independent advisory firm, Accuracy.
Accuracy is proud to be expanding its forensics capabilities, adding highly experienced new advisors to its investigations practice and developing new document analytics tools to quickly identify evidence or areas of concern. Accuracy’s forensic investigations team uses its experience, financial acumen, and technology-based solutions to help its clients identify and investigate risks associated with fraud, […]
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 insolvency team.
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 performed vendor due diligence in the context of the acquisition of PFW Aerospace by Hutchinson.
Accuracy performed financial due diligence in the context of the acquisition of Wifirst.
Accuracy assisted Société Générale in the divestment process of PEMA GmbH, a truck and trailer rental company managing a fleet of around 19,000 vehicles in seven countries in Europe.
Accuracy is proud to have supported the development and publication of the Chartered Institute of Arbitrators (the “CIArb”) Guidelines for Witness Conferencing in International Arbitration (the “Guidelines”). The Guidelines were launched in Singapore on 23 April 2019, at the inaugural CIArb Asia-Pacific Regional Conference. Jonathan Ellis, a director in the Singapore office, is a member […]
Accuracy is a Platinum Sponsor of the LIDW 2019. We are ranked fourth in the world on the Who’s Who Legal listing of Expert Witnesses in Arbitration. Our disputes experts include: Stuart Appelbe Who’s Who Legal Consulting Experts: Experts – Construction – Quantum & Delay Nicolas Barsalou “Nicolas Barsalou is described by commentators as […]
After setting up in Singapore in 2016, Dubai in 2017, and Beijing and Casablanca in 2018, Accuracy continues to grow its global presence by opening an office in Hong Kong. The Hong Kong office is led by Xavier Gallais (HEC 1996), an Accuracy partner since 2008, who joined the firm after several years at Arthur […]
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”
Accuracy advised Bpifrance and Omnes Capital in the context of their increased stake in UNITe. With 64 production sites, UNITe is one of the leading independent producers of 100% renewable electricity in France.
Accuracy advised Bpifrance in the context of its acquisition of a stake in the Bastide Le Confort Médical group.
Accuracy advised the Legris Group in connection with the acquisition of Arkéa’s minority interest in its capital.
Accuracy advised Metric Capital Partners in the context of the financing of the company Onepoint.
Accuracy performed financial due diligence for Société Générale in the context of CGI’s shareholding in Reezocar.
Accuracy is proud to announce that 12 of its partners and directors have been included in the Who’s Who Legal: Arbitration 2019 list of Arbitration Expert Witnesses, in recognition of the outstanding quality of their services, and a further three partners are included in the Arbitration Future Leaders – Expert Witnesses list: Nicolas Barsalou, Nicolas Bourdon, […]
Accuracy performed financial due diligence for BNP Paribas REIM in the context of the acquisition of the office building Le Perigares in Val de Fontenay.
Accuracy performed financial due diligence for Prima Solutions in the context of the acquisition of Effisoft.
Accuracy assisted Federation Entertainment in the context of its €16 million fundraising. Federation Entertainment is a television production company, producing series such as Le Bureau des Légendes broadcast on Canal+ and Marseille, broadcast on Netflix and TF1.
Guido Althaus, a partner in Accuracy’s Frankfurt office, has won the 2019 Corporate Intl Magazine Global Award: ‘Insolvency Litigation Expert Witness of the Year in Germany’. The award marks excellence for the world’s leading advisers and financiers in an array of countries and continents. The 12th Corporate INTL’s annual awards 2019 is the largest to […]
Accuracy performed the vendor due diligence on Green Yellow (a subsidiary of the Casino group) in the context of the acquisition of a minority interest by Tikehau Capital and BPI France.
Jean-Michel Blanquer, Moussa Camara and Annette Roux winners of the Grand Prix de l’Economie 2018 The three winners of the Grand Prix de l’Economie 2018 awarded by “Les Echos” (in partnership with Accuracy and Darrois Villey Maillot Brochier) were handed their prizes on Tuesday 16th October, in Paris, by the president of the jury, Henri […]
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 two interviews by clicking on the links below: DISPUTES IN THE CONSTRUCTION SECTOR DISPUTES ARISING FROM M&A […]
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 large projects) and Aomar Elalamy, manager (graduate of the Ecole Centrale Paris, […]
Accuracy performed vendor due diligence for Artemis in the context of the sale of La Centrale de Financement to Groupe April.
Accuracy advised Laboratoires NHCO Nutrition shareholders by performing the Vendor Due Diligence in the context of the company disposal to Chiesi
Accuracy has announced the signing of an affiliation agreement with The Claro Group, a financial advisory and management consulting firm with offices throughout the United States. While each organisation’s respective ownership and governance structure will remain the same, the affiliation will enhance the economies of scale for both organisations and allow for sharing of resources, […]
Accuracy performed the vendor due diligence for Debiopharm Investment in the context of its fundraising activities for Carbonex.
Accuracy performed the vendor due diligence for Sushi Shop in the context of its sale to AmRest.
Accuracy performed the vendor due diligence for Unibail-Rodamco Wesfield in the context of the sale of its four shopping centres in Spain – Los Arcos, Bahía Sur, el Faro and Vallsur.
Accuracy performed financial due diligence for AXA IM-Real Assets in the context of the Data IV acquisition (a European portfolio of data centres).
Accuracy performed vendor due diligence for Azulis in the context of the sale of Holweg Weber to Motion Equity Partners.
Accuracy performed vendor due diligence for Artemis in the context of the sale of DIGIT RE to LFPI.
Accuracy advised Axa Investment Managers – Real Assets and Crédit Agricole Assurances, as consortium partners with Fluxys, in their joint transaction to acquire from EDF and Total a 37.76% stake in Dunkerque LNG, the owner of the liquefied natural gas (LNG) terminal in Dunkirk.
Leontine Koens-Betz, Managing Partner of Accuracy in the Netherlands, wins Best Advisor Award at the ACG Growth Awards. Last Thursday ACG Holland, the Dutch arm of the global M&A organisation focused on driving middle-market growth, held its third annual Growth Awards Ceremony at Strand Zuid in Amsterdam. The Growth Awards recognise the achievements and contribution […]
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.
Accuracy assisted Crédit Coopératif in the context of the opening up of BTP Banque’s capital to a new shareholder, SMABTP.
Accuracy advised Kersia (formerly Hypred), a portfolio company of Ardian, in the context of the acquisition of Kilco, a company based in Scotland (United Kingdom) and a specialist in animal health and food safety combination.
Accuracy performed the buy side due diligence for Loxam in the context of the acquisition of Nove in Italy.
On Friday, 25 May, the Accuracy Netherlands team organised a sportday for the primary school Achtsprong, just as they had done last year. Because the primary school Achtsprong do not have enough financials resources to organize any activities at all due to the financial situation of the parents, Accuracy Netherlands wanted to make a difference […]
Accuracy performed the vendor due diligence for Astorg in the context of the sale of Metrologic to Sandvik.
Accuracy performed the buy side due diligence for Carlyle in the context of the acquisition of HGH.
This article, published in Spain’s leading economic and business newspaper, Expansión, gives a good overview of Accuracy’s growth since its creation in 2004, and of our Spanish office’s evolution in particular. With now 15 offices covering all continents and a learning and development platform in China, Accuracy, already quite active in South America, is looking […]
Accuracy performed financial due diligence for Groupe Fiducial in the conext of the acquisition of Banque Themis.
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 of 370 across 15 offices worldwide.
Accuracy assisted Conforama in the context of its agreement with Tikehau Capital for the implementation of its financing plan.
Accuracy performed financial due diligence for BPI France in the context of the absorption of the investment firm, CDC International Capital.
Accuracy performed the vendor due diligence for Unibail-Rodamco on a portfolio of two outlet centres (Channel Outlet Store and Usine Roubaix) in the context of their sale to Primonial REIM.
Accuracy advised Faurecia S.A., a global leader in automotive equipment, in the context of the acquisition of Hug Engineering AG, a key player in the area of diesel particulate filters and catalytic exhaust gas purification. The target was acquired from ElringKlinger, one of the leading global companies in solutions for all types of drive systems.
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.
Accuracy advised Ardian in the context of the acquisition of Babeau-Seguin.
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 rest of the article, please click on the link below.
Accuracy advised EDIFY in the context of the acquisition of the entire share capital of Thermo Technologies, the controlling holding company of Thermocompact.
Accuracy advised Carlyle in the context of the acquisition of Prima Solutions.
Accuracy assisted the Schneider Electric Group in the context of the merge of its industrial software activities with AVEVA, notably including financial due diligence work, historical financial reporting and assistance in the discussions. Accuracy mobilised its international teams in 17 countries in this large-scale operation.
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 responsible for further developing Accuracy’s proposition for clients. He is the third partner in […]
Accuracy performed the buy side due diligence for AXA Investment Managers – Real Assets in the context of the acquisition of West Park, a fully pre-let office building in Nanterre, from LBO France.
Accuracy performed the buy side due diligence for Ramsay Général de Santé in the context of its acquisition of the Hôpital Privé de l’Est Lyonnais (HPEL).
Accuracy advised Artélia in the context of the acquisition of Auxitec.
Accuracy performed the vendor due diligence for Baccarat in the context of the sale of the Starwood Capital and L-Catterton shares to the Chinese fund Fortune Fountain Capital.
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 continued “litigationising” of the process. As a popular dispute resolution mechanism that gives parties the […]
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 (iii) stricter national regulations, the number of italian cases concerning violations of anti-briberey and anti-corruption legislation is […]
Accuracy perfomed the financial due diligence and assisted in the discussions for Thales in the context of the acquisition of the American firm, Guavus, a pioneer in big data analysis.
Accuracy advised Hypred, a portfolio company of Ardian, in the context of the combination with Anti-Germ, a German provider of disinfection and hygiene solutions to the food and agricultural industry.
Accuracy performed the financial due diligence for Docapost, a subsidiary of the La Poste group, in the context of its acquisition of a majority stake in Ametix, alongside the founders.
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 establishment of an English-language court for international business disputes in the Netherlands and as […]
Accuracy performed the financial due diligence for LVMH in the context of its acquisition of the luxury perfume house Francis Kurkdjian.
Accuracy advised SUEZ on its acquisition of GE Water & Process Technologies from GE, jointly with Caisse de dépôt et placement du Québec for a value of €3,2 billion. For this mainly American acquisition, Accuracy mobilised its global teams in the USA and Canada to assist SUEZ on this large-scale operation, which will allow the world’s […]
Accuracy advises Oceinde in the context of the acquisition of Antenne Reunion.
Accuracy performed vendor due diligence for EDF in the context of the sale of RTE.
Accuracy advised Groupe Avril in the context of the acquisition of EWABO
Accuracy performed vendor due diligence for Consolis in the context of its sale to Bain Capital.
Accuracy performed the vendor due diligence for Suez Environnement in the context of the sale of Ocea Smart Building.
Accuracy performed the financial due diligence for Naxicap Partners in the context of the acquisition of Ecotel Chomette Favor (E.CF).
Accuracy is pleased to announce that nine of its experts have been named in the Who’s Who Legal list of top Expert Witnesses in Arbitration, including one Accuracy expert who is listed in the top 10 “Most Highly Regarded Individuals” in Europe. The Accuracy experts named: Jean-Baptiste de Courcel, Erik van Duijvenvoorde, Jonathan Ellis, Damien […]
Accuracy performed the financial due diligence for HIG Capital in the context of the acquisition of 49% stake of the Dutch company Ecore, one of the worldwide leaders in recycling, through its French subsidiary, Guy Dauphin Environnement.
Accuracy performed the financial due diligence for BKW Energie in the context of the acquisition of four windfarms in France.
Accuracy performed the vendor due diligence for Schneider Electric in the context of the sale of Telvent Transport.
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 now to accelerate the growth of Accuracy in Germany. “Together, we want […]
Accuracy performed vendor due diligence for the Lafayette pharmacy network in the context of the entry into capital of new investors.
Accuracy advises LVMH in the context of the acquisition of Rimowa.
Accuracy advised La Poste Silver in the context of the acquisition of AXEO.
Accuracy performed financial due diligence for BEL in the context of the acquisition of Materne-Mont Blanc.
Accuracy performed the financial due diligence for Naxicap Parnters in the context of its acquisition of Altares.
Accuracy performed the vendor due diligence for Schneider Electric in the context of the sale of Conlog.
Accuracy performed the financial due diligence for LISI in the context of the acquisition of RTI Remmele Medical.
Accuracy performed the financial due diligence for Arkema in the context of its acquisition of Den Braven.
Accuracy performed the buy side financial due diligence for Anton Capital Ltd., in the context of its acquisition of Elevation Pictures.
Accuracy performed the financial due diligence for Naxicap Partners in the context of the acquisition of TEXA.
Accuracy performed the financial due diligence for the Groupe Bertrand in the course of a refinancing.
Accuracy advised Groupe M6 in the context of the acquisition of Mandarin Cinema.
Accuracy perfomed the financial due diligence for Veolia in the context of the sale of Bartin Recycling Group to Derichebourg.
Accuracy performed the buy side financial due diligence for PSA Peugeot Citroën, in the context of the acquisition of Travelcar.
Accuracy performed the financial vendor due diligence of SVP, company focused on offering customized solutions for small, medium and large enterprises, in the context of its acquisition by MML Capital Partners.
Accuracy performed the financial due diligence for the family group Legris Industries, in the context of the acquisition of Schiederwerk, the German company specialised in the development of power supplies.
Accuracy performed vendor due diligence for Naxicap Partners in the context of the sale of I@D .
Accuracy recognised by the Great Place to Work® Institute as one of Europe’s best places to work in 2016
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 Institute’s European ranking.
Accuracy performed the financial due diligence for Docapost, the Digital Branch subsidiary of La Poste, in the context of the acquisition of Applicam, electronic payment solutions provider for businesses and communities.
Accuracy performed the vendor due diligence for Marle in the context of its sale to IK Investment Partners.
Accuracy performed the vendor due diligence for Pernod Ricard in the context of the sale of its irish whiskey Paddy to Sazerac.
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 disputes. They can take years to resolve and often hinder a company’s operating activities. […]
Accuracy performed financial due diligence for Capextens – Dentressangle Initiatives in the context of the acquisition of Worldwide Euro Protection.
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 is good to work in France”. Ranking in the top […]
Accuracy awarded No.1 spot in the Great Place to Work® 2016 rankings for the second consecutive year
The “high standards and consideration” model – the managerial concept at the heart of Accuracy’s success – has been recognised once again in the Great Place to Work® rankings, which again places the firm in first position of “companies (less than 500 employees) where it is good to work in France”. Ranking in the top […]
Accuracy performed financial due diligence for KKR in the context of the acquisition of OPPCI Organa (Ojirel group).
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 sales grow by 11% in 2015 compared to 2014.
Accuracy confirmed its advisory role in the £12.5bn sale of EE, the UK’s largest mobile telecommunications provider, to BT, the UK’s largest provider of landlines and home internet, which Closed on 29 January to create the UK’s leading communications company. Accuracy advised Orange, who owned 50% of EE in a joint venture with Deutsche Telekom […]
Accuracy advised LVMH in the context of the acquisition of the hotel “Résidence de la Pinède” in Saint Tropez.
Accuracy performed the financial due diligence for BPI France in the context of the acquisition of EMERA.
Accuracy performed financial due diligence for Générale de Santé in the context of its acquisition of HPM.
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 Who of Commercial Arbitration 2016, in which only 165 international experts were selected.
Accuracy performed financial due diligence for Thales in the context of the buyout of Vormetric.
Accuracy advised the FREO Group in the context of its acquisition of Atemi.
Accuracy advised Tristan Capital Partners in the context of its acquisition of the shopping center Cordeliers in Poitiers, France
Accuracy advised Marco Polo Foods in the context of its merger with the German group, Natsu.
Accuracy advised The Carlyle Group in the context of its acquisition of Cap Vert Finance.
Accuracy acted to attest the fairness of the exchange ratio in the merger between Lafarge and Holcim
Accuracy performed financial due diligence for the Italian group, Expert System, in the context of its acquisition of the Temis group.
Accuracy performed financial due diligence for the Eurofins group, in the context of its acquisition of the Bio-access laboratories.
Accuracy performed vendor due diligence in the context of the sale of IP Santé Domicile to a consortium of investors.
Accuracy advised Astorg in the context of the acquisition of Metrologic
Accuracy advised Wolseley in the context of its sale of Charpentes Françaises to Endless
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, they discuss the main methods used for valuing a business and their relative advantages, […]
Accuracy performed vendor due diligence in connection with the sale by Unibail-Rodamco of the 50% stake in Comexposium.
Accuracy assisted Malakoff Médéric in connection with the merger of its Asset Management activity with that of La Banque Postale’s.
Accuracy performed financial due diligence for Edenred in connection with its majority stake in the capital of ProwebCE.
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 night to Frédéric Duponchel, CEO of Accuracy, at the […]
Accuracy confirmed its advisory role in the £12.5bn sale of EE, the UK’s largest mobile telecommunications provider, to BT, the UK’s largest provider of landlines and home internet, which is set to create the UK’s leading communications company. Accuracy advised Orange, who owned 50% of EE in a joint venture with Deutsche Telekom (known in […]
Accuracy performed financial due diligence for Suez Environnement in the context of the Poseidon acquisition.
Accuracy advised Kering in the context of the Movitex sale
Accuracy performed financial due diligence for Boursorama, a subsidiary of Société Générale, in the context of the acquisition the fintech, Fiduceo, specialist in personal finance management solutions.
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 greater personal satisfaction and the best value for the client for the use of […]
The following article, ‘Early Resolution of Disputes – an Expert’s Perspective’, written by Accuracy partners, Hervé de Trogoff and Roula Harfouche, has been published in Transnational Dispute Management. Introduction 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 greater […]
Hervé de Trogoff named as one of the leading expert witnesses in The International Who’s Who of Commercial Arbitration 2015
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.
Accuracy advised Klépierre in the context of its 60 percent stake in the Prado shopping center in Marseille.
Accuracy assisted EEX in its takeover of Powernext.
Accuracy performed due diligence in connection with the refinancing of the Marle group, which remains a part of the Carlyle portfolio.
Accuracy assisted Klépierre in its OPE on the Corio group.
Accuracy performed vendor due-diligence for Unibail-Rodamco in the context of the sale of six shopping centres in France to Carmila.
Accuracy performed financial due diligence for Qualium in the context of the sale of DGF to 21 Central Partners.
Accuracy performed acquisition due diligence for Pramerica Real Estate Investors on the property located at 49/51 Avenue George V, Paris, France (56,672 sqm).
Accuracy assisted the Carlyle Group in the context of its entry into exclusive negotiations for the acquisition of a majority stake in the outdoor hotel group listed on Alternext Homair alongside Montefiore Investment.
Accuracy advised Altarea Cogedim in the context of its majority stake in the company Histoire et Patrimoine.
Accuracy performed financial due diligence for Brandalley in the context of its sale to Private Outlet.
Accuracy performed financial due diligence for Salvepar in the context of its investment in the S2A group, a multiregional French leader in home care.
Palmarès Great Place to Work® 2014 for companies where it is good to work in France: Accuracy on the podium for the sixth consecutive year
For the sixth consecutive year, Accuracy competed for the classification of “companies where it is good to work” in France, organised by the Great Place to Work Institute ®. This year, once again, Accuracy achieved third position in the overall rankings. For its twelfth edition, Great Place to Work ® has published the list of companies where […]
Accuracy performed financial due diligence for Nexity in the context of its acquisition of Perl.
Accuracy performed financial due diligence for ARDIAN and CREDIT AGRICOLE in the context of the acquisition of VINCI Park.
Accuracy assisted the group Exacompta Clairefontaine in the context of its takeover of Photoweb.
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.
Gilde Healthcare Services acquires majority share in Viroclinics Biosciences from Erasmus MC. Viroclinics Biosciences is a diagnostic and clinical trial operation service company providing diagnostic and preclinical studies along with drug development for prevention and treatment of virus infections.
Accuracy assisted Klépierre in its project to sell a portfolio of 127 shopping centers adjacent to Carrefour supermarkets, to a consortium run by Carrefour for an amount of €2.01 billion.
Accuracy assisted the consortium composed of Gimv and Ui Gestion in its financial due diligence on the Almaviva Santé group.
Leontine Koens-Betz and Bas van Helden both nominated for the M&A Awards 2013. Leontine is nominated in the category ‘Best TAS Advisor’ and Bas is nominated in the category ‘Best Valuator’! Click here for the nominees of the M&A awards 2013!
Accuracy advised EDF in relation to the Dalkia operation.
Accuracy provided financial due diligence to Vandervalk + degroot in the context of the acquisition of Underground Vision.
Accuracy performed financial due diligence for EDF in the context of the acquisition of Citelum.
With twenty years of experience in corporate finance , Christian M. Paupe reinforces the Accuracy Canadian team.
Accuracy assisted the group STEF in its acquisition of EBREX.
Accuracy assisted LVMH in its equity stake in JW Anderson.
Accuracy performed financial due diligence for the group Fives in the context of the acquisition of the Italian company OTO Mills, a subsidiary of Marcegaglia.
Accuracy performed financial due diligence for Schneider Electric in the context of the Invensys acquisition project in the United Kingdom.
Accuracy performed financial due diligence for the casino group in the context of its acquisition of 38 stores in the South-East of France belonging to the Norma group.
Accuracy advised the management of SAUR for the restructuring of its bank debt.
Accuracy performed a fairness opinion in the context of the offer made by AXA PE and Fosun on Club Med’s equities and convertible bonds.
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 37 partners), was up 25% of total revenue compared to the same period in […]
Accuracy performed financial due diligence and valuation on behalf of Gaumont in the context of the acquisition of Fideline Films owned by Pierre Richard. Fideline Films holds a catalogue of fifteen films, including the French films “Les Compères“, “Les Fugitifs“, and “La Chèvre”.
Accuracy continues its growth with the appointment of two new Partners and a Vice President.
Accuracy performed financial due diligence in connection with the takeover of Technor Italsmea in Italy, Technor Middle East in Dubai and Technor Asia Pacific in Singapore from the Norwegian fund, Hitecvision.
Accuracy assisted EDF in the valuation of its cost to complete the EPR construction site in Flamanville.
Accuracy performed financial due diligence for Qualium in the context of its increased stock holdings in the MERIGUET group.
Accuracy performed financial due diligence for Royal Cosun in the context of its investment in Beuker Vochtrijke Diervoeders.
Bas van Helden has been appointed partner at Accuracy Netherlands. At Accuracy Netherlands Bas will be responsible for the further development of the Valuation practice. Prior to Accuracy, Bas was a partner with KPMG where he advised quoted and non-quoted corporates and private equity investors on a broad spectrum of valuation engagements.
The Dutch market leader in Cloud Computing and IT Services, IS Group, announced the acquisition of Amsterdam-based hosting provider, Nxs Internet. The acquisition of Nxs Internet directly contributes to the financial result of IS Group. The addition of Nxs to IS Group further strengthens the company’s position in the public sector, media and e-commerce industries.
Accuracy assisted the FNAC Group in the preparation of its business plan as part of the stock exchange listing in June 2013.
Breeding and young plant production companies, Dümmen and Agribio Group, announced the intention to merge together. The combination will profit from the advanced breeding technologies of Agribio Group and the professional supply chain skills of Dümmen. The combined company will have around 6,000 employees worldwide and realise €175 million ($235 million) sales annually.
Accuracy performed financial due diligence on behalf of KERING (PPR) in connection with the acquisition of France Croco, a Norman tannery specialising in the treatment of crocodile skins.
Palmarès Great Place to Work® 2013 for companies where it is good to work in France: Accuracy on the podium for the fifth consecutive year
Neuilly-sur-Seine, France, 20 March 2013 For the fifth consecutive year, Accuracy competed for the classification of “companies where it is good to work” in France, organised by the Great Place to Work Institute ®. This year, once again, Accuracy achieved third position in the overall rankings. For its eleventh edition, Great Place to Work ® has published the list […]
Accuracy conducted buy side due diligence on behalf of Edrip for the acquisition of Reed Business Information France.
Accuracy performed financial due diligence on behalf of Equistone and Céréa Capital for the acquisition of Bretèche Industrie.
USG People, a specialist in HR services in the onshore and offshore industry, has been acquired by Rabo Capital. USG Energy will be able to fully benefit from further growth within the market segment in the future, supported by Rabo Capital.
Vendis Capital, the private equity fund specialised in the European consumer industry, has taken an interest in Hypo Group.The Dutch Hypo Group is a fast growing supplier of branded equestrian fashion, for riders as well as horses.
Accuracy assisted in the project by combining its expertise in project management, economic and strategic analysis and financial modeling to produce the business plan for the new company and to manage its implementation.
Accuracy performed financial due diligence for Oaktree Capital in the context of the acquisition of Milpro and EVAC (Zodiac Marine & Pools group).
Accuracy assisted Challenger International in the context of the disposal of Babysun to Jarden Corporation.
Accuracy performed financial due diligence on behalf of SAFRAN in the context of the contribution of its branch activities to Sofradir.
Accuracy performed financial due diligence on behalf of the naval defense group, DCNS, in the context of its majority sthare in the Irish company, OpenHydro, specialising in turbines.
Groupe Gorgé has acquired Van Dam from the Hollandia Group. Van Dam is a highly specialised Dutch supplier of blast and fire protection solutions, serving blue chip customers in the Oil & Gas, Defence and Wind Energy industries.
Accuracy performed financial due diligence on behalf of PPR in the context if its 51% share capital in Christopher Kane.
Accuracy advised Heuliez in the sale of its aerospace operations to Eurocopter, a subsidiary of the EADS group.
Accuracy performed financial due diligence on behalf of Hammel in its acquisition of LT Aqua+.
Accuracy provided vendor assistance to HVL for the disposal of Armada Outdoor to Andus Group. Armada specialises in total solutions for corporate identity, such as illuminated advertising and signposting.
Accuracy performed financial due diligence on behalf of Osiatis in its acquisition of ESR.
Accuracy performed financial due diligence to assist PPR in the context of a disposal of FNAC Italy to the investment fund, Orlando Italy.
Accuracy carried out financial analysis for Alstom in the context of its increased stock holding in BrightSource Energy.
Accuracy carried out the financial due diligence on Holweg Weber for Azulis.
Accuracy performed financial due diligence on behalf of Schneider Electric in its acquisition of SolveIT.
Improving the performance and certainty of outcomes of your major capital investment projects and programmes
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 both strategic and more efficient in developing and directing funding and managing major capital […]
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 effectively. As they are investing at an increasing rate in projects or programmes for improving performance and […]
Accuracy carried out financial analysis on behalf of EDF in its increase of Edison stock holdings.
Accuracy performed financial due diligence on behalf of Lumata, a share of Francisco Partners, in the acquisition of ACT750.
Accuracy advised Arc International in the sale of its distribution business in mass markets to German mutares.
Accuracy performed the financial VDD on Cleor for Azulis Capital.
Accuracy carried out financial due diligence on behalf of BC Partners for the acquisition of Cadum’s homecare division.
Accuracy carried out financial due diligence on behalf of Air Liquide for its acquisition of Gasmedi in Spain.
Accuracy carried out the financial due diligence on Vermont Christian Dior Couture (LVMH group).
Accuracy carried out the financial due diligence on behalf of SVP for its acquisition of Fym Conseils.
Accuracy carried out the financial due diligence on behalf of Gaumont for its acquisition of Louis Malle’s cinematographic works.
Accuracy advised the Monnoyeur group in the sale of BM Loc to Kiloutou.
Accuracy advised SERNAM in its bankruptcy proceedings.
Accuracy acted as strategic and financial advisor to FSI for its purchase of Viadeo shares.
Accuracy expands its offering with the creation of a specialist division dedicated to financial institutions led by Nicolas Darbo, former deputy managing director of Crédit Foncier
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, Accuracy has broadened its range of expertise with the arrival of Nicolas Darbo as a partner. Nicolas Darbo […]
Accuracy assisted the Thales Group in the sale of its Critical Information Systems division in Spain and Argentina to Aurelius AG.
Arnaud Lambert and Heiko Ziehms, partners at Accuracy, spoke at this conference on the 27th 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 […]
Accuracy carried out vendor due diligence on behalf of the shareholders of Uffi REAM in relation to its sale to Fiducial Real Estate.
Accuracy carried out vendor due diligence on behalf of Gagneraud Industrie in relation to its sale to Phoenix Services International.
Accuracy assisted Qatar Sports Investments in its buy-side due diligence on P.S.G. the Paris football club.
Accuracy has acted on behalf of the Fives group in the recovery of certain assets of Litwin.
Accuracy acted for Studio 37 (France Telecom), in the review of the production accounts of the film The Artist (5 Oscars).
Accuracy was commissioned at the request of the Board of Mercialys to provide a solvency opinion following the payment of a special dividend.
Accuracy advised Al Babtain on its takeover of the insolvent company Petitjean (financial analysis and assistance to the preparation of the financial aspects of the takeover offer submitted to the court).
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 Partner.
Accuracy conducted the financial due diligence on behalf of Klépierre for the acquisition of the E. Leclerc regional shopping centre, situated in the Toulouse area, South-West France.
Accuracy conducted the financial vendor due diligence for Seppic, a subsidiary of the Air Liquide Group, in the disposal of Givaudan Lavirotte to Isaltis, a new player in the fine chemicals industry.
Accuracy carried out the financial due diligence on behalf of Le Nouvel Observateur in its acquisition of Rue 89.
Accuracy conducted financial due diligence on AtriA Capital Partenaires, a trust company, for Naxicap.
Accuracy carried out the financial due diligence, market review and modeling of a business plan on behalf of Altarea Cogedim for the acquisition of Rue du Commerce.
Accuracy conducted financial vendor due diligence on behalf of Seppic, a subsidiary of the Air Liquide group, in the disposal of its alkoxylates activity to Arkema.
Accuracy conducted financial due diligence on behalf of PPR for its acquisition of the brand Brioni, the famous Italian tailor for the James Bond costumes.
Accuracy advised Cube Infrastructure on its buy side due diligence for the acquisition of Idex group.
Accuracy conducted the vendor due diligence for Lavoix Group in the context of the disposal of its distribution activities in New Caledonia to Bernard Hayot Group.
Accuracy conducted the financial vendor due diligence on behalf of Datawords’ shareholders in connection with their transfer to Capzanine.
Accuracy has advised Captain Tortue’s shareholders on its vendor due diligence for the group transfer to L Capital.
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: “The opening of Accuracy’s Munich office shows the importance and drawing power of Bavaria’s economy. Bavaria’s […]
Accuracy opens its first offices outside Europe. Accuracy is continuing to grow and is now present in North America, Canada with the opening of two offices in Quebec and Montreal. Guylaine Leclerc, the Managing Partner, will be in charge of Accuracy’s development activities in Canada. She will be assisted in this task by Manon Roy […]
Accuracy has conducted financial due diligence on behalf of Astorg for its acquisition of Saverglass.
Accuracy conducted vendor due diligence for Siparex and their founding partners in the handover of the CMR Group’s control to LBO France.
Accuracy has advised Tishman Speyer French Venture on its buy side due diligence for the acquisition of the Olympe building.
Accuracy has advised Bridgepoint on its buy side due diligence for the acquisition of Médipôle Sud Santé.
The Amsterdam Foodbank is a non-profit organisation, which is committed to distributing food to needy households. The Foodbank serves as the link between the excess food within the “for-profit” food industry (retailers, manufacturers, growers, etc.) and the “non-profit” food pantries and community. The Amsterdam Foodbank is currently responsible for the distribution of food and other […]
Accuracy has advised Orange on its buy side due diligence for the acquisition of Dailymotion.
Accuracy has advised AXA Private Equity on its buy side due diligence for the acquisition of Novacap, a group specialised in chemistry.
Accuracy carried out a critical review for EDF in support of its successful renegotiation of its agreements with Constellation in the USA.
Accuracy assisted FNAC in developing its five-year plan in using its multi-disciplinary team (market analyses, finance, modeling). This team worked closely with the strategy and finance division.
Accuracy advised CUBE Infrastructure for its acquisition of NeoElectra.
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 Paris and London.
Accuracy advised Schneider Electric for its acquisition of Vizelia and D5X.
Accuracy advised Schneider Electric for its acquisition of Uniflair, a company specialising in the distribution of precision air conditioning and cooling systems.
On 1 October 2010, Accuracy Netherlands moved to its new office at the World Trade Centre Schiphol (WTC Schiphol). The official opening was held on the 25 November 2010, at our new office. During the opening, Kees Jansma (presenter, producer and press officer of the Dutch National Football team) was our guest speaker. We discovered how […]
The year 2010 has proven to be a very successful year for Accuracy Netherlands so far. It has been able to support its clients on interesting assignments in all its service lines. For example Accuracy Netherlands has been able to assist various private equity firms with a large number of successful acquisitions. We have provided […]
Accuracy assisted Safran in relation to its buy side due diligence for its acquisition of SNPE Matériaux Energétiques (SME).
Accuracy assisted LVMH in connection with its vendor due diligence on the occasion of the disposal of La Brosse & Dupont.
As of 1st October 2010, Accuracy Netherlands has officially opened its new office at Schiphol WTC. The office is at the center of Schiphol Airport and thus located in the heart of domestic and international trade.
September 2010: Accuracy opens its seventh European office in London. Accuracy pursues growth and keeps up the rhythm of a foreign office opening each year since its creation in 2004. Thus, after Madrid, Amsterdam, Milan, Frankfurt and Brussels, Accuracy decided to open in London. Accuracy will propose in London its whole service line and will […]
Accuracy assisted The Carlyle Group in connection with its buy side due diligence on the occasion of the acquisition of B&B hotels.
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.
Fi Monthly – French corporate advisory firm Accuracy counsels on sale of France’s top shopping centre
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 yield of 4.65%. The success of the acquisition, says Accuracy partner Nicolas Barsalou who worked on […]
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 overall ranking.
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 Paris office to 17.
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)
To mark the first anniversary of CFnews (the Corporate Finance news source) on April 29 2009, Accuracy, accompanied by Agathe Zilber, presented the results of a survey examining the theme of: “When will the M&A market pick up again?” at the Cercle de l’Union Interalliée. For the second consecutive year, Accuracy and CFnews have jointly […]
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, countries in the West continue to struggle to restore their public finances. Their […]
Great Place to Work® Award – Accuracy jumps to second place on the list of the best workplaces in France
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 took second place in the overall ranking.
For the first time since its foundation, Accuracy competed for a place on the list of “the best workplaces” in France organised by the Great Place to Work® institute Accuracy earned a place among the Gold Prize winners, and took second place in the overall rankings. For its seventh edition, the Great Place to Work® has published […]
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.
After joining Accuracy in 2005 as an analyst, Sébastien Caron (X99, HEC 2003), who has been a manager since June 2008, describes his three years’ experience with the company in an interview with X-Passion magazine (The journal for students at the École Polytechnique). Please click on the following link for full details of the interview:
For its seventh round table meeting, Accuracy chose to examine the all-important subject of people and skills, an issue that is always of primary importance to any company. In order to explore this theme, Accuracy was joined by a leading company manager Mr Henri Proglio, CEO of Veolia Environnement and a leading academic, Mr Laurent Batsch, President […]
As part of a partnership with Premier Cercle, an independent research company specialising in the organisation of economic, financial and technological conferences, Accuracy gave a speech on October 8, 2008 at the British Embassy during a breakfast debate on the theme of: “Winston Churchill, decision maker – the lessons of the War Rooms.” As strategic […]
A little over a year ago, Accuracy organised roundtable sessions to discuss the relationship between the private equity world and that of the major companies. On Tuesday, 23 September, 2008, the company organised a new roundtable meeting to discuss the following theme: “What can companies learn from the practices of the private equity sector in […]
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. The company’s positioning policy and independence continue to be extremely popular with […]
During the CF News launch evening held on 13 February, 2008 at the Senate President’s department’s Boffrand Reception Rooms, Accuracy along with Agathe Zilber, presented the results of the survey exploring the idea: “Investment funds and major companies: dangerous or fruitful links?” Specifically organised for senior management, financial and M&A teams from major groups, this survey was […]
In partnership with Capital Finance, Accuracy gave a speech during a breakfast debate on the problems related to management compensation packages, along with the law firm Sarrau Thomas Couderc on 27 November. This debate was moderated by Franck Moulins (the Chief Editor of Capital Finance) and was attended by more than a hundred people. – Why and […]
A new Accuracy roundtable meeting was held on Monday, November 19, 2007 Before an audience of more than 100 people, Gonzague de Blignières and Henri Lachmann responded to questions from Frédéric Duponchel on the following theme: “Private Equity: what sort of capitalism can we expect for the 21st century?” The creation and sharing of value, transparency, and […]
As part of a partnership with Premier Cercle (an independent research company specialising in the organisation of economic, financial and technological conferences) Accuracy gave a speech during a breakfast meeting on October 18 on the theme of “Rugby: A management school?” This event, which was held a few days before the Rugby World Cup Final […]
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.
What example can private equity firms give to the listed companies? Last Wednesday, June 20, Accuracy organised a new roundtable based on the following theme: “What example can private equity firms give to the listed companies?”Accuracy had the privilege to welcome: – Jérôme Lefébure, CFO of the M6 Group – Vincent Marcel, Director of financial […]
Providing a 10-day cruise to South Corsica for 30 youngsters undergoing cancer and leukaemia treatement was the mission of a major project organised by Rêve d’enfance (Childhood Dreams), a humanitarian association supported by a group of students from the HEC business school. Profoundly moved by this initiative, Accuracy eagerly lent a hand with this great […]
Accuracy opens its new office in Amsterdam and begins the next stage of its expansion in continental Europe
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 companies and financial investors.
On November 14, 2006 the Capital Finance newsletter, the Accuracy consultancy company and the Sarrau Thomas Couderc law firm organised a breakfast debate on the theme of: “Management packages as part of LBO operations: new aspects and challenges”. The Accur’option ® evaluation tool developed by Accuracy offers a useful response to these problems. Franck Moulins, […]
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.
A company may find itself faced with various forms of financial crime, and in particular fraud, money laundering and corruption. What sort of risks does the company incur (internal and legal risks, unfavourable media coverage, etc.)? Which factors may lead to a risk? How can the company measure its level of exposure? How can risks […]
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 essential for legal and fiscal security as well as for the sustainability of the new organisation.
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 consensus on how to determine the discount rate, a key parameter in the DCF method and one […]
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 financial communications, this interest is particularly noticeable in the valuation of […]
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 termination of a contract.
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 adjusting one or the other components of the […]
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 litigation, this involvement can back up a position technically and provide crucial support […]
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 difficulties often explain a large part of the difference between the assessments respectively made by each of the parties involved. […]
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 to present a non-exhaustive but sufficiently complete critical overview to provide a perspective on the […]
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, hide the practical difficulties of interpreting numerical concepts. These difficulties often explain a large part of the difference […]
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, hide the practical difficulties of interpreting numerical concepts. These difficulties often explain many of the differences between the […]
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) from our experience as a litigant expert in post-acquisition litigation.
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 such a company means holding an option! This change […]
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 negotiation.
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 late summer 2008.
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 companies. We also work alongside other experts. In construction litigation, for example, technical […]
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-market frenzy in 1999-2000, several star analysts had their fingers […]