And a former Close Brothers for specific evaluations

The financial and operational Council resists well to the crisis. "Early 2009, activity calmed in the field of transactions to restart in the area of the firm in difficulty." Then, during the year, it is rebalanced, especially with a rise in power of litigation and arbitration on large folders and a resumption of year-end transactions. "This balance continues in the beginning of this year," notes Frédéric Duponchel, CEO of Accuracy, a company created in 2004 and whose turnover is a constant progression over the past five years. "26.1 million euros last year and we rely already about 30 million in sales this year", welcomed Frédéric Duponchel.

Accuracy, totalling 150 employees (including 25 Associates) and 6 locations in France and abroad federated within an integrated, is a model of its kind. Founded by former associates of the "big four" (mainly), the cabinet was from the desired start developing similar activities to those branches corporate finance of the "big four", but regardless of any Commissioner of accounts, audit or accounting. "It is a question of independence", justifies Frédéric Duponchel. "And a way to cut many situations of incompatibility or conflict of interest."

It is a same motivation who hosted, three years later, the American firm listed in Duff & Phelps, at its facility in France, in 2007. "Independence, but also the size of our international network 24 offices in the world for this firm established in New York in the 1930s, Editor's note and"seniority"of our teams are our key elements of differentiation", explains Yann Magnan, Director General of Duff & Phelps in France (50 people, half the trades of audit issues and other industry), which judge the positive evolution of these trades at the end of first quarter and comes to recruit three "managing directors" for its activity "restructuring".

Wide range of activities

Two examples which are competitors because, since a few months, eight former employees of Ernst & Young - including Pascal Raidron, former boss of the "transaction advisory services" - founded their own firm, Eight Advisory (60 employees). All actors must of course be with competition from the departments of the "big four" Council, such as Ernst & Young who, following the departure of Pascal Raidron and his team, comes from delight to Deloitte a portion of its workforce "restructuring". Not to mention the competition abroad, FTI Consulting, seafarer, LECG or Huron Consulting Group.

All these players offer a range more or less broad activities: support for transactions (certificates of fairness in the acquisition or divestiture, accompanying the introduction quotes, etc), the financial Council (restructuring, cash flow problems, etc.), assessment and support to legal services (work of independent expertise at the request of firms or lawyers) or the decrease in working capital needsthe clipping of assets or the improvement of the performance.

This common core of activities are added a few originalities. Accuracy, for example, hired a former of Carlyle and a former Morgan Stanley to offer its customers of the accounting, financial and economic analysis. And a former Close Brothers for specific evaluations. For its part, Duff & Phelps develops also, alongside its functions of evaluation and restructuring, a pole mergers and acquisitions. As EightAdvisory, he was Assistant to his commercial company a society of accounting and table already on numbers of the order of 80-90 at the end of this year. Because arrivals take place: a new partner for the "assessment" trade comes early May. The "restructuring" activity starts it also and is enhanced with the recruitment of Jean-Marie Dequeker, the former leader of the team prevention and "restructuring" of KPMG. Finally, the firm also opened an Office in Lyon, and another in London.