TC

Thomas Champy

Summary

I began my career as an auditor with Ernst & Young in Paris. I participated in the audit of large French companies listed on the CAC40 (Thales, Alcatel, Lafarge), performed Sarbanes-Oxley procedures and certifications, and took part in various buy side and vendor due diligences for European customers. I subsequently joined Accuracy Madrid in the Transaction Support department, in 2007. Since 2019, I work as senior advisor and independent corporate finance consultant.

I am specialized in transaction advisory services (financial due diligence for mergers and acquisitions, price adjustment, pre-deal diagnostic works, purchase price allocation calculation and post-deal acquisition integration) and special situations like joint-venture audits and Litigations.

Situation expertise
• Financial advisor in the context of acquisitions or disposals: buy-side financial due diligence, vendor due diligence, work on price adjustment.
• Expert advisor in the context of joint-venture interest review in the international Oil and Gas industry (Upstream): perform analytical review of costs and capex, challenge allocations using alternative methods, review of cash calls and overheads charges, centralize findings from other experts (legal, Tax, HSE, …), etc.
• I have also participated in many litigation and arbitration situations: support on several international arbitration processes to the Spanish Government related to the renewable energy sector (ICSID), and support on various commercial and investment disputes and the quantification of damages and loss profits resulting of a possible violation of contracts.

Industry expertise
• Oil and Gas and Energy industries
• Engineer/manufacturing and construction Long term contract review.

International background
I am bilingual in Spanish and have always worked for multi-national companies. I have conducted specific engagements in:
• Europe / Asia: France, UK, Spain, Germany, Poland, Italy, Azerbaijan.
• Latin America & Caribbean area: Colombia, Venezuela, Peru, Trinidad & Tobago, Mexico.
• North Africa: Algeria, Morocco.

Professional experiences

Senior advisor

INDÉPENDANT , Londres

Since 1. june 2019

Founding partner & senior advisor

BIRSARY ADVISORY , Madrid

Since 3. june 2019

Director

ACCURACY , Madrid - CDI

From March 2007 to May 2019

• Expertise in Transaction Services: buy-side and vendor financial due diligence, work on price adjustment and participation in many special situations like: pre-deal diagnostic works, purchase price allocation calculation and post-deal acquisition integration.

• Oil & Gas financial advisory projects:
- Participation to more than 25 E&P (Upstream) Joint Ventures and participated companies audits in Latin America (Colombia, Peru, Venezuela, Trinidad & Tobago, Mexico), Africa (Algeria) and Asia (Azerbaijan) for non-operators and minority shareholders. Worked for corporate clients such as Repsol-Talisman, Cepsa, Engie E&P, ENI, Total, Frontera Energy, Pemex, Edison, DEA, Petrobras, etc.
- Assessment of an oil and gas company’s financial capabilities to fund the investments required in the development of a gas field in Algeria, in the context of an ICC arbitration dispute.

• Experience in distress, restructuring and recovery situation projects:
- Elaboration of financial expert reports in the context of operational restructuring plans.
- Short-term cash forecast modelling for an IT company.

• Expertise in litigation and arbitration:
- Support on several international arbitration processes to the Spanish Government related to the renewable energy sector (ICSID Case No. ARB/14/18): review of historical performance of the assets versus the bank models, understanding of the regulatory context framework, construction of But For and Actual scenarios models, analysis of cost of capital & equity and calculation of projects IRR and shareholders IRR.
- Support on various commercial and investment disputes and the quantification of damages and loss profits resulting of a possible violation of contracts and treaties.

Auditeur senior

EY , Singapore - CDI

From September 2004 to March 2007

• Financial audits for major manufacturing companies (Thales, Alcatel, Lafarge, SNPE group, etc.) listed either in the French and/or US Stock exchange, including: statutory accounts audits, reporting and consolidation packages, long term contract audits and Sarbanes Oxley compliance reviews.
• Carried out various due diligences and carve-out analysis in the context of a potential sale.
• Select experience: USD 240m sale of Thomson SA's entire global color tube manufacturing business to Videocon Group. Preparation of the Financial Vendor Due Diligence report and calculation of the SPA price adjustment.

Auditeur junior

FORVIS MAZARS , Courbevoie - STAGE

From January 2003 to March 2003

• Financial audits performed in the insurance (AXA) and bank (CDC) sectors.

Financial controller

VALEO , Paris

From July 2002 to December 2002

• In charge of the financial consolidation of the aftermarket branch business (Valeo Service) and preparation of the monthly reporting to the Group.
• Specific ad-hoc analysis performed on working capital requirements and cash levels.

Degree

NEOMA – Sup de Co – Reims

Languages

Espagnol - Courant

Français - Langue maternelle

Anglais - Technique

Skills

Transaction Services
Corporate Valuation
Restructuring
Contentieux judiciaire et arbitrage
Investment decision and arbitration
Oil & Gas
Energies Renouvelables
labaoratoire pharmaceutique
Joint Ventures