Mazars, the integrated and independent international organization specializing in audit, accountancy, tax and consulting services, has announced the completion of its acquisition of Corality Financial Group, a market leader in financial modelling, model audit and training.

As we reported last July, the combination of Mazars' project finance team and Corality creates a new offer to the infrastructure finance market:

• a highly experienced and strongly resourced team of over 120 professionals, 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 teams in London, Sydney, Paris, New York, Delhi and Johannesburg linking with Mazars offices in 77 countries for tax and accounting and local advice.

The Training Academy and financial modelling services developed by Corality will be marketed under a new brand, Corality by Mazars, led 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. 

Commenting on the deal completion Bob Green, Partner, Head of Global Infrastructure Finance at Mazars stated:

“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.”

Mr. Wärnelid 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.”