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PwC Australia has acquired the local franchise of Paris-based due diligence firm Advancy, marking a significant expansion of its deals division. Co-founders Carl Brostrom and David Thevenon will join PwC as partners, bringing a team of six and a client base featuring private equity firms such as BGH Capital and Quadrant.
PwC Australia is expanding its deals division with the acquisition of Paris-headquartered due diligence firm Advancy’s local franchise, in a rare M&A bet from one of the country’s big four consultants.
Advancy Australia, run by co-founders Carl Brostrom and David Thevenon, has operated as a partner of the global network since 2013 despite being owned independently. Under the deal, Brostrom and Thevenon will join PwC as partners, bringing a team of six and a client book full of private equity heavyweights like BGH Capital and Quadrant.has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories.
Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.
Pwc Australia Mergers And Acquisitions Advancy Private Equity Due Diligence
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