Mazars acquires Corality Financial Group
The acquisition of Corality Financial Group by Mazars has been completed, it was announced today.
Mazars said the new partnership will offer "world-leading financial modelling, model audit and related training services" for the infrastructure finance sector.
Corality is a privately-owned financial modelling practice founded in Sydney with offices in London and New York, employing more than 40 staff.
Former Group CEO of Corality Rickard Wärnelid will be leading the new training academy initiative, branded as 'Corality by Mazars', and will offer a one-stop service for project financial advisory and transaction services, project valuation, financial modelling and training services.
The 120 strong team has sector expertise across energy, economic and social infrastructure, PPP and natural resources, a joint statement said.
Rickard will also be taking the position of Partner in the Global Infrastructure Finance team at Mazars.
He said: “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.”
Bob Green, Partner, Head of Global Infrastructure Finance at Mazars commented: “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.”