MAZARS is to acquire Corality Financial Group, a financial modelling, model audit and training business. The deal is due to complete in August.
The combination of Mazars’ project finance team and Corality, a privately-owned financial modelling practice employing more than 40 staff and global turnover of €8.26m, creates a one-stop service for project financial advisory and transaction services, project valuation, financial modelling and training services, the firm said.
The deal creates a team of over 120 professionals, servicing clients around the world, from regional hubs in London, New York and Sydney, with dedicated infrastructure finance teams in Delhi and Johannesburg linking with Mazars offices in 77 countries for tax and accounting and local advice.
International board member and Mazars UK senior partner Phil Verity, said: “This acquisition is a significant strategic move for Mazars that will enable us to increase our footprint in infrastructure finance and to partner with clients in any jurisdiction from Asia-Pacific to EMEA, to the Americas. Corality is renowned for its exceptional financial modelling consultancy and training academy and is a great match with Mazars. Combined, we have a truly world class infrastructure finance team.”
Richard Cartwright becomes the new head, taking over from incumbent head of office David Lemon
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'
Stephen Mills joins the Manchester office from IBM, where he spent 12 years as an associate partner in the data, analytics and cognitive consulting group
Rupert Guppy will be responsible for capital allowances in the southern region, and joins the firm from specialist consultancy E3 Consulting