The birth of SO-MG Partners (Mag. des Affaires – July/August 2012)

  • Talking about us

After 20 years in some of the biggest firms (Deloitte, E&Y, Duff & Phelps), Sophie Moreau-Garenne has launched her own restructuring advisory boutique: SO-MG Partners. As its name implies, the new structure has been conceived of in the image of its founder and will focus on the provision of tailored advice mainly to top corporate executives and investment funds. Fabien Pessot, with whom Sophie worked for eight years at E&Y, has already partnered with her in this entrepreneurial venture and given the current level of demand, the team may soon be further reinforced to reach a handful of professionals by the end of the year. “We intended to commence our activity in September but our incoming calls have come faster than we expected. The demand for restructuring services is huge”, explained the firm’s founder.

Very operational interventions

As has already been observed in the market for M&A advisory services, the market for restructuring advisory services is increasingly invested by experienced independent players. There’s no doubt but what, in this business perhaps more than others, experience makes the difference. In recent years, the two professionals have notably been involved in Moby Wire, a Sagem spin-off, Quelle la Source etc. The new firm may thus be expected to offer services ranging from the preparation of IBRs to debt renegotiation as well as seeking external funding and preparing and implementing turnaround plans. “Credit has become harder to obtain yet at the same time, customers are becoming slower payers. In 2012, cash has become a significant issue for PMEs; our vocation is to help fund investee companies optimise their cash management.” Watch this place…

Olivier Bénureau, Magazine des Affaires n°72/73