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Arnaud Dhers



Arnaud Dhers is a director at Accuracy, with numerous years of professional experience. He held various positions within Louis Vuitton before joining Accuracy in 2012.

He specialises in transaction advisory services and manufacturing-related financial issues (cost accounting and standard cost set-up, financial assessment, carve-outs, etc.).

Arnaud has completed various financial analysis engagements in the context of acquisition/divestiture processes, business plan modelling and restructuring.

Arnaud works in a variety of sectors, including manufacturing, agribusiness, aeronautics and infrastructure, on behalf of large and medium-sized companies as well as investment funds.

Arnaud speaks French, English and Spanish.


  • MScEng / Ingénieur civil des Mines (2005)
  • ESSEC MBA (2011)

In-depth expertise


Arnaud provides financial advisory services to corporations and private equity firms in the context of acquisitions and disposals. He regularly conducts buy-side financial due diligence, sell-side due diligence and vendor’s assistance, carve-outs and BP preparation engagements.

Manufacturing-related financial issues

Arnaud assists industrial groups in understanding their performance by setting up / reviewing cost accounting methods and standard cost computations, standard-to-actual variance analyses, etc.

Example of engagements

Transaction support

  • Assisted a French multinational company in the context of the merger of its industrial software activities with a listed British IT consulting company, notably including financial due diligence work, historical financial reporting and assistance during negotiations
  • Assisted a leading glass manufacturer and distributor in connection with its financial restructuring and its sale to an investment fund
  • Assisted a French public sector financial institution on its acquisition of the French postal service company
  • Assisted a France-based multinational luxury goods company on the disposal of its non-core retail assets
  • Several cross-border financial due diligence engagements for a French security & defence multinational group in the field of e-security
  • Numerous due diligence engagements on assets owned by private equity firms
  • M&A assistance for a French CRO (Contract Research Organisation) including valuation, financial and strategic sell-side due diligence, BP modelling, and negotiation assistance

Manufacturing-related financial issues

  • Assisted a French brand of clothing and underwear for children on the reengineering of the financial process and its make-or-buy strategy
  • Assisted a French manufacturer of glass kitchenware on its project of acquiring a loss-making competitor
  • Assisted a French manufacturer of herbal medicine with the in-depth analysis of its manufacturing variance, improving the reliability of the gross margin computation
  • Assisted a multinational food and drink processing conglomerate in the carve-out and the sale of one of its pet-food factories in France
  • Assisted a French multi-channel retailer in the carve-out and the sale of its printing subsidiary