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.”
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars