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TRANSFORMATIONS NEWS - APRIL 2019


The entire Eight Advisory Transformation team is pleased to share with you the latest news for the month of April.
Enjoy!
PROJECT:
Eight Avisory’s Working Capital team assists Altran Group with its Cash Plan.

During the second half of 2018, the plan Eight Advisory created helped reverse difficulties that arose following the acquisition of the Aricent group, for which the group took on significant debt.
As a result, Altran reduced its debt to 3 times its gross operating surplus (Ebitda), compare to 4.2 times at the end of the first half.

This accelerated deleveraging had an immediate impact on the share price with an increase of +12% on the day the annual results were published. 

The Cash Plan was conducted at group level and encompassed all dimensions across Working Capital.

“You are the first external consultants whose impact and value I can measure!”
Dominique Cerrutti, Chairman and CEO of Altran Group 

“The Altran Cash Plan is my second success alongside Eight Advisory after the Darty WCR plan."
Albin Jacquemont, CFO of Altran Group 

NEW OFFERING
Data & Digital :

Eight Advisory continues to expand its portfolio setting up a “Data & Digital" division led by Frederic Blache.  

In an ever more complex world, where data is omnipresent and digital transformation is norm, this team will aim to:

- Deploy the best technologies (data analysis, visualisation, automation...) to support our customers’ transformation projects.  
- Assist our Transaction Services teams in carrying out due diligence of data. 
- Accelerate innovation and the use of new technologies across our business. 


We see technology as a way for teams to better meet the needs of our customers.

ARTICLE : 
Independent advisers structure their offering 

Discover the vision of Eric Demuyt, CEO of Eight Advisory on the evolution of transformation offerings in financial advisory in the CF News annual survey “Independent adviser structure their offering”.

Read the article (in French)
ARTICLE : 
Subtle signs that predict crisis management
By Florent Berckmans, Transformation Partner in Paris

Through a variety of experiments, members of the DFCG’s Business Turnaround Committee (financial directors, transition managers, investors, independent directors, advisers, etc.) worked to identify how the role played by a CFO – key to a successful turnaround – changes during a period of underperformance. 

Read the article (in French)
NOUVELLE OFFRE : 
Capital Markets & Deal Accounting

Eight Advisory expands its range of services by setting up a Capital Markets & Deal Accounting offering led by Vincent de Montgolfier.

This new service specialises in helping customers to be better informed on accounting and financial matters related to their market transactions, acquisitions and disposals.

With its expertise in accounting consulting (IFRS & US GAAP) and its strong knowledge of regulations and market practices (AMF, SEC), the team assists companies across Europe and beyond. Before joining Eight Advisory, this team worked together on significant transactions carried out by both corporates and private equity funds.

ANALYSE : 
8 tips for successfully buying or selling a distressed business

By Tim Wainwright, Partner Transformation in London

Embarking on the sale of a business is one of the most challenging experiences a management team can undertake. Even serial dealmakers acknowledge that the transaction process can be gruelling, exposing management to a level of scrutiny and challenge through due diligence that can be distinctly uncomfortable.

So, to embark on a sale process when a business is in distress is twice as challenging. While management is urgently trying to keep the business afloat, they are simultaneously required to prepare it for scrutiny by potential acquirers.

Find out our 8 tips for successfully buying or selling a distressed business

 
Read the article






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