We are delighted to share with you the 2022 edition of Aca Nexia's annual magazine, a digest of the year's news and successes. This new paper also highlights inspiring company stories as well as thoughts from our teams and partners on hybrid work, CSR, outsourcing and payroll.
Evolving in a fast-changing environment, Aca Nexia is transforming itself and keeping up with the world around it. The corporate finance world is undergoing accelerated digitalisation, in a context of various regulations and standards, all of which are changing. Fully involved in these transformations, our organisation acts and continues to invest in three major areas of its business: Audit, Public Accounting and Consulting.
Aca Nexia has hosted the second edition of its round table talks about Corporate Social Responsibility. CSR has become an essential prerequisite to any SME and Mid-cap in order to meet their clients, staff and partners expectations. However, to what extent can corporations go beyond talks and provide relevant actions? How can one firm involve its teams and assess the impact of the implemented CSR initiatives ?
Nexia France has achieved a new milestone with the integration of Odycé Nexia, based in Marseille. Established in 1988, this audit, tax and advisory firm has encountered a remarkable growth over the past years, both internally and externally, which has led the agency to become one of the leading references in the French audit and advisory middle market.
Olivier Lelong has been appointed Chairman of Aca Nexia starting September 1, 2020, replacing François Mahé, Chairman of Aca Nexia since 2005, who has decided to cease his managerial functions and to gradually slow down his professional activity during this year 2020-2021 by continuing to follow a few clients and devoting himself to carrying out consulting assignments.
Aca Nexia assisted Henry Hassid, shareholder of H2 Pharma, in the acquisition of a minority stake in Ardian, one of the world's leading private investors, by carrying out the Vendor Due Diligence (VDD) for this French specialist in the design and production of generic medicines.
Aca Nexia assisted Bertrand Serisé and his investors Bpifrance, Mermoz Participations and Atlantic Entrepreneurs Fund in its takeover of Sadevinox by carrying out the financial due diligence. Sadevinox is specialized in the distribution and logistics of stainless steel wire. This SME, located in Annecy, France, was created in 1938 and had not left the family circle since its creation. Its turnover is 24 M€, 60% of which comes from export.
Elige Capital and Extens become minority shareholders of MediReport and relies on ESG due diligence carried out by Aca Nexia. Founded in 1995 by 2 cardiologists, MediReport is a leader in advanced medical technology. Renowned for the CardioReport ™ suite, expertly designed software that provides a comprehensive data management platform at all levels of the care cycle
The European Parliament in its report on competition policy recommends to the European Commission a certain number of measures to fight against the virtual monopoly of the Big Four in the audit of listed companies. In particular, it recommends making joint auditing compulsory in order to allow other audit firms "to acquire the skills necessary to audit the largest companies". The French model has long since integrated the obligation of the practice of joint statutory auditors. There are few alternative players to the Big Four and Aca Nexia is one of them and offers listed companies the possibility of forming effecient and harmonious team of joint auditors.
Aca Nexia assited Isatis Capital in its acquisition of a minority stake in the Reference Group. The latter, which achieved a turnover of € 12m in 2019, supports SMEs and mid-caps by providing them with time-share experts in key areas: IS, Marketing, HR and Finance.
Nexia International (Nexia), the ninth largest global network of independent accounting and consulting firms, has added a new member firm Cliff Benderoff CPA Inc to Nexia Canada. The firm has its main office in Montreal, Québec and provides tax services including corporate tax, individual tax, trust and estate taxation, indirect taxes and global mobility taxation, as well as financial statement preparation, accounting and bookkeeping. Aca Nexia has already successfully cooperated with Cliff Benderoff in due diligence on a Canadian company.
Aca Nexia is constantly updating its summary of the measures taken by the government to support businesses in the fiscal, social, legal and accounting fields, as well as financing measures and sectoral aid.
Do not hesitate to contact Aca Nexia partners and experts to help you benefit from these devices and implement them for your business.
Nexia International (Nexia), the ninth largest global network of independent accounting and consulting firms, has added a new member firm Innovative Business Solutions (IBS) LLC in Oman. With its main office in Muscat, Innovative Business Solutions LLC has three partners and five members of staff.
Aca Nexia supports Sky Accès in its first build-up by performing financial due diligence. In LBO with Axio Capital since 2015, the Ile-de-France specialist in the rental of motorized platforms for work at height is approaching XL Industries to train a group of 150 people and € 30 million in turnover.
Spareka announced at the end of March 2020 a fund raising of 5 million euros from Paris Fonds Vert managed by DEMETER with the aim of accelerating the company's growth and promoting the right to repair and fight against programmed obsolescence in France and around the world. Aca Nexia performed the financial due diligence for Demeter.