Mazars makes international acquisition
ACCOUNTANCY firm Mazars is set to buy Corality Financial Group, the financial modelling, model audit and training firm.
The deal is due to complete in August.
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.”
Corality was founded in Sydney and has offices in London and New York, employing more than 40 staff. The firm has a turnover of €8.26m.
Corality Group chief executive Rickard Wärnelid said: “We are an entrepreneurial company with demonstrated global knowledge and the highest levels of client service, available to work with clients wherever they are.
“Mazars is a global firm with the infrastructure and resources that will enable us to continue to grow, enter new markets and offer clients a wider range of services.
“We have big ambitions and I am excited about the opportunities this combination brings, for all our clients and staff.”
