2CFinance was ranked as the sixth largest French financial due diligence firm for the first half of 2020, and the leader in innovation capital. The ranking methodology by CFNEWS takes into account only deals that have been effectively announced and referenced.
The CFNEWS league tables reveal the significant impact of COVID-19 on the ecosystem of financial due diligence advisors, with a 30% decrease in activity volume for the first half of 2020, and 750 advised operations compared to an average of 1012 per semester over the past three years.
The market is highly concentrated, with 20 firms accounting for 84% of the activity. The BIG 4 (EY, KPMG, PWC, Deloitte) and Eight Advisory remain dominant, representing 44% (331) of the 750 deals in the first half of 2020.
It is worth noting that, across all sectors (nine in total) and apart from infrastructure, innovation capital is the only sector to experience growth in advised deals for H1 2020 (+1%).
In terms of valuation, 2CFinance ranks first and ninth respectively in Smallcap and Smidcap.
2CFinance expresses gratitude to all its clients for their trust and confidence.
Note: Due diligence is a process of investigation to assess the accuracy and completeness of information about a financial transaction or investment opportunity.