Accuracy has recently opened an office in Singapore, its 12th globally. With the new hub in Southeast Asia’s main business centre, the M&A consultancy is better equipped to meet growing demand for the firm’s services in the region.
Founded in 2004, today Accuracy is one of the globe’s larger consulting firms specialised in financial advisory and M&A services. The business advisory is present in ten countries in Europe, North America and Asia* with a team of around 300 consultants, including 35+ partners.
In the second quarter of this year Accuracy expanded its wings to Singapore, where it has opened a hub to serve the operations of its clients (mostly international listed companies) in the region. “Clients of the various Accuracy offices are very active in this region and, as such, there is a requirement for locally based support”, explain David Thornes and Jonathan Ellis, who have been charged with leading the Singapore hub. Furthermore, Singapore is the hub of international arbitration in Asia – a field which, according to the two Directors, constitutes one of the main axes of Accuracy’s service portfolio.
Prior to joining Accuracy in November last year, Ellis worked roughly three years for Deloitte, based in London, latterly in the role of Associate Director, and formerly served Charles River Associates in the UK. Thornes has been with Accuracy for over ten years, joining the firm’s French operations in the summer of 2005 from Big Four giant EY.
Over the past months Thornes and Ellis have brought together a team of nearly ten consultants. The office too has built strong ties with the Delhi office, and in particular with Chaitanya Arora, a partner in the Indian office, who is a Singaporean citizen. Accuracy Singapore initially focused on supporting its international clients and providing independent expertise in arbitration cases, yet the operation is gradually expanding its offering to include all of Accuracy’s services. Among the propositions in which the international consultancy has a track record are mergers & acquisitions, financial forecasting, valuations, financial modelling and private equity support.
Frédéric Duponchel, CEO of Accuracy, says: “The development of Accuracy in Singapore is a milestone for our firm, it is a long thought out project that allows us to position ourselves in a strategic market in our business. On behalf of the Accuracy partners, I express our confidence in David Thornes and Jonathan Ellis, who lead this project, notably with the support and contribution of our offices in Delhi and London.”
* Accuracy has offices in Paris, Madrid, Amsterdam, Milan, Frankfurt, Brussels, London, Munich, Quebec, Montreal, New Delhi and Singapore.