Deloitte Corporate Finance LLC

Deloitte Corporate Finance LLC Company Profile

THE SCOOP

Well connected

Deloitte Corporate Finance LLC (DCF) is a registered broker dealer that offers investment banking advisory services to large and midsized companies.  It specializes in sales and divestitures; acquisitions, joint ventures and alliances; capital raising; and corporate development advisory.  DCF serves clients across numerous major industries, including aerospace and defense, automotive, business services, consumer business, financial services, food and beverage, general industrials, life sciences and health care, manufacturing, metals, plastic, paper and packaging, and retail.

DCF is a wholly owned subsidiary of Deloitte Financial Advisory Services LLP (FAS), which is a subsidiary of Deloitte LLP, the American member firm of Deloitte Touche Tohmatsu-a global accounting and consulting network with operations in over 140 countries.  The U.S. member firm has offices in 80 cities nationwide.   Other units of FAS are valuation services, reorganization services, and forensic and dispute services.  FAS contributes approximately 5 percent of Deloitte's overall revenue.  That leaves FAS behind Deloitte's audit, tax and consulting businesses, but DCF has carved out its own niches.  The corporate finance unit's specialty is the middle market, focusing on deals worth $25 million to $500 million.

Although Deloitte is a giant-it's not called the Big Four for nothing-DCF operates as a boutique within the conglomerate.  At the same time, DCF can draw on Deloitte's extensive resources, including Deloitte Tax, Deloitte Consulting, FAS and the Chinese Services Group of Deloitte & Touche USA (which assists on China-related cross-border deals).  DCF national managing director Bob Coury also holds the position of principal at Deloitte & Touche, and sits on the FAS executive committee.  There are five DCF offices in the U.S. (Detroit headquarters, plus New York, Chicago, Dallas and Los Angeles).

William and George
The Deloitte behemoth was born in 1849, when Great Western Railway, a British joint stock firm, hired local accountant William Welch Deloitte to conduct an audit of its business.  This was a novel idea at the time, but soon other public companies followed Great Western's lead.  George A. Touche opened his own audit and accounting firm in London in 1898, moving his office to New York two years later.  There, Touche and partner John Niven built up their business, taking advantage of America's new business regulations and income tax laws.

By the end of the 1960s, Touche, Niven became Touche Ross, and William Deloitte's eponymous firm was operating as Deloitte Haskins Sells.  The two firms merged in 1989, creating Deloitte & Touche, a full-service firm that offered consulting and advisory as well as accounting services.  In 1993, Deloitte & Touche realigned itself as a Swiss verein, a membership organization in which each member firm operates as a separate, independent legal entity.  Deloitte Touche Tohmatsu (DTT) became the international umbrella name for Deloitte member firms around the world-a nod to Tohmatsu & Company, which had become part of Touche Ross in 1975.

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Deloitte Corporate Finance LLC


Two World Financial Center
New York, NY 10281-1414
Phone: (212)436-2000
Fax: (212) 436-5381
www.investmentbanking.deloitte.com

STATS


  • Employer Type: Private
  • National DTCF Managing Director: Bob Coury
  • 2010 Employees: 169,000

Major Office Locations

  • New York, NY

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