Alvarez & Marsal adds valuations to French service portfolio

31 January 2020 2 min. read
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Consulting firm Alvarez & Marsal has extended its service portfolio in France with valuation services. 

The launch of the firm’s so-called Valuation and Modelling group lifts the number of business lines in France to seven. Its 85-strong consulting team in the country, which has nearly tripled in the past 1.5 years, is already active across three functional hubs (corporate transformation, restructuring, disputes & investigations) and two industry practices (private equity, financial services).

Building on deep financial and operating skills, Alvarez & Marsal’s valuation experts help clients with financial economic valuations for a range of different situations, including mergers & acquisitions, financial instruments, financial & tax reporting, litigation & disputes, structured finance and capital equipment. 

In France, this practice is now led by Thomas Gounel, who has been hired externally from Deloitte and appointed a Managing Director. Gounel brings two decades of experience in corporate finance, deals and valuation services to the firm.

Thomas Gounel - Alvarez & MarsalHe is specialised in conducting valuation and financial modelling assignments for transactional (mergers and acquisitions, independent appraisals, litigation), tax (internal reorganisation) and regulatory (business combinations, fair value measurement) purposes, with a focus on clients in the automotive, energy, infrastructure, manufacturing and transportation sectors. 

A Big Four background

At Deloitte, he was a partner in its Valuation & Business Modelling practice, and prior to his ten years at the Big Four firm he served rival KPMG for nine years in its Corporate Finance wing. “I am particularly pleased with Thomas’ arrival as it is a testament to our ability to attract the best talent in our profession,” said Antonio Alvarez III, Head of Europe at Alvarez & Marsal. 

Commenting on his new challenge, Gounel said, “I am determined to bring Alvarez & Marsal’s already established valuation and modelling expertise to the French market. By offering a complete and differentiating offer, we have strong potential for significant development in France.” 

He added that Alvarez & Marsal is ideally positioned to build a long-term relationship with its clients as it operates “free from audit independence” restrictions. “We are able to not only assist clients in evaluating acquisition and disposal opportunities but also to work alongside them pre-deal or post-deal in implementing their strategy.”

Globally, Alvarez & Marsal’s Valuation Services practice is led by New York based leader Mark McMahon, while the European arm is headed by London based Richard Bibby.