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April 30, 2008

BDO International reveals new French member firm

BDO International reveals new French member firm

BDO International has launched a new member firm in France. BDO France was created by merging three existing practices and is the network’s first member firm since BDO Marque & Gendrot joined Deloitte France in 2006.

The firm has six founding partners, ten additional partners and 167 staff. It has four offices in the greater Paris region, one in Burgundy and one in Provence. The new entity, together with referral work from other BDO member firms, has annual revenue of about €20 million ($29.5 million).

BDO International chief executive Frans Samyn told IAB the three firms were identified through BDO’s “excellent contacts in the French market”. “We have been looking to form a firm that could represent BDO International both from a quality point of view and from a size point of view and all the larger firms in France are disappearing from the market,” Samyn said, adding that there are six giant firms in France – the Big Four, Mazars and Grant Thornton – but no medium- or large-sized firms.

He continued: “We found some very good people, very motivated and very interested to join forces and to make a new firm in France that would be competitive on the French market.”

Samyn said BDO France is aiming to become established in every major city in the country. “We will have substantial internal growth and we will also be looking for external growth by merging with other firms. We have had a number of candidates showing a great degree of interest,” Samyn said.

Commenting on the new firm, the chief executive of BDO France, Michel Léger, said: “The new firm responds to clients’ need for more choice and to the demand by regulators for greater competition. The BDO brand and access to the BDO International network gives our firm the necessary stamp of quality and reputation to compete effectively in today’s ever more globalised marketplace.”

BDO France supervisory board chairman Jean-Pierre Allouch said: “I am delighted to be part of this project that adds a new and credible firm to [challenge] the six largest players on the French market”.

Carolyn Canham

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