Mergers & Independent Appraisals

  • Legal control of business combinations require specialised financial, accounting, legal and fiscal skills, together with the appropriate resources.

    At Finexsi, our teams have acquired these skills and developed a unique experience.
    Finexsi has invested heavily in the area of mandatory independent audits for business combinations.

    In France, all mergers, spin-off and business tranfers are subject to a mandatory independent audit. An Auditor is appointed by the court to report on the transaction to the shareholders and express an opinion on the proposed financial terms and valuations.

    The stakes involved in these transactions can be very high, especially in combinations of companies, listed or not, with completely different ownership.

    Assessing the values and fairness of a transaction goes beyond a simple financial valuation. It must take account of the specific attributes of the companies or groups involved.

    Finexsi regulary handles deals of all sizes, and particulary those involving listed groups and public offers.

    As the same expertise is required, Finexsi is well placed to act as an independent expert, particulary in public offers.
    Also, the legal requirements for these transactions are likely to be tightened up in the future by the Autorité des Marchés Financiers, the market regulator.

    Finexsi also acts as a consultant for this type of business combination.