Arnaud Dhers

Arnaud Dhers


+33 1 58 75 71 45


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.




  1. MScEng / Ingénieur civil des Mines (2005)
  2. ESSEC MBA (2011)



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.

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