Mazars completes acquisition of Corality Financial Group

Mazars, the integrated and independent international organisation specialising in audit, accountancy, tax and consulting services, announces the completion of its acquisition of Corality Financial Group (‘Corality’), a market leader in financial modelling, model audit and training.

1 August 2016

Mazars was recently ranked the joint #1 model auditor by deal count, in the InfraDeals 1H16 Project finance and advisory league tables. Corality is ranked #3 by deal count. Together, the team will offer world-leading financial modelling, model audit and related training services for the infrastructure finance sector. The 120 strong team of experts has sector expertise across energy, economic and social infrastructure, PPP and natural resources and will offer a one-stop service for project financial advisory and transaction services, project valuation, financial modelling and training services.

Commenting on the deal completion Bob Green, Partner, Head of Global Infrastructure Finance at Mazars says: “I am delighted to finalise the deal and am excited about the opportunities ahead for our people and our clients. Our clients will now benefit from an even wider geographic reach and broader service offering. As part of an international, integrated partnership, the development opportunities for our people are infinite.”

The Training Academy and financial modelling services developed by Corality will be marketed under a new brand, Corality by Mazars, led by Rickard Wärnelid. Rickard, previously Group CEO at Corality Group, will be a Partner in the Global Infrastructure Finance team at Mazars. Based in Sydney, he will lead the global development of the Training Academy. He says: “I am pleased to join the Mazars partnership and to lead the international expansion of our outstanding Training Academy. This is an exciting time for our clients and our teams.”

-ENDS

About Mazars:
Mazars is an international, integrated and independent organisation, specialising in audit, accountancy, tax, legal and advisory services.  As of 1st January 2016, Mazars operates throughout the 77 countries that make up its integrated partnership.  We draw on the expertise of 17,000 professionals to assist major international groups, SMEs, private investors and public bodies at every stage of their development. 

www.mazars.com

To find out more about Corality by Mazars please visit www.corality.com

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