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Corality acquired by Mazars

Corality acquired by Mazars

Mazars, the integrated and independent international organisation specialising in audit, accountancy, tax and consulting services, today announces it is to acquire Corality Financial Group (‘Corality’).

The merger realises Mazars’ ambition to be the world leader in financial modelling, model audit and related training services for the infrastructure finance sector.

The combination of Mazars’ project finance team and Corality creates a unique offer to the infrastructure finance market:

  • a highly experienced and strongly resourced team, offering a one-stop service for project financial advisory and transaction services, project valuation, financial modelling and training services;
  • the number one ranked model auditor globally;
  • sector expertise across energy, economic and social infrastructure, PPP and natural resources;
  • global coverage with dedicated infrastructure finance team in London, Sydney, Paris, New York, Delhi and Johannesburg linking with Mazars offices in 77 countries for tax and accounting and local advice

Mazars will increase footprint in infrastructure finance

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.  Mazars 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.

International Board member and Mazars UK Senior Partner Phil Verity, comments; “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.”

Continued growth for Corality

Corality is in a unique combined position of a financial modelling consulting firm and a specialist training course provider, supported by over 1,000 modelling projects and over 4,500 course participants. The global turnover of €8.26m has been built on high profile projects including Gemini (the biggest wind farm financing in the world), WestConnex toll road project in Sydney (AUD3.5billion of financing) and the acquisition of Freeport LNG, a world-class LNG receiving and regasification terminal in Freeport, Texas.

Corality Group CEO Rickard Wärnelid says: “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.”