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Olivier Tircazes
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Olivier Tircazes

Managing Partner

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At a glance

Full Name
Olivier Tircazes
Title
Partner, Deal Advisory – M&A (formerly Managing Partner / Associé gérant of Hekla Corporate Finance)
Firm
BDO France (Deal Advisory / Corporate Finance) — previously Hekla Corporate Finance
Firm Type
M&A and corporate-finance advisory (transaction advisory), not an institutional venture/angel fund
Investment Stage
Not verifiable as an active angel/seed investor (see note below)
Sector Focus
Services sector, professional/business services, mid-market M&A (business transfers, mergers and acquisitions)
Geographic Focus
France
Location
Paris, France (Hekla operated from 68 avenue des Champs-Élysées, 75008 Paris; company registered in the 16th arrondissement)

Background

Olivier Tircazes is a Partner in charge of M&A activities within the Deal Advisory department of BDO France, the French member of the world's fifth-largest audit and advisory network. He is a graduate of ESC Rouen (now NEOMA Business School), holds a law degree, and is a Certified Public Accountant (expert-comptable). His profile combines dual experience in corporate general management and financial direction with M&A advisory.

He began his career in 1982 at Arthur Andersen, where he spent about six years. In 1988 he moved to Métrologie International, and in 1992 joined Carat France / Aegis Média France as Administrative and Financial Director. He rose to Deputy Director General in 1997 and Director General in 2000, overseeing roughly 1,000 employees across France and some 40 subsidiaries. In early 2005 he became Director General (CEO) of the b2s Group, then France's second-largest call-center operator with about 2,500 employees.

At the end of 2007 he joined Hekla Corporate Finance — an M&A advisory boutique founded in 2006 specializing in business combinations in the services sector — as Associate Director/Managing Partner (Associé gérant). Under his leadership Hekla advised on mid-market mergers, acquisitions, and company transfers.

In January 2022, BDO France announced the acquisition of Hekla Corporate Finance to strengthen its M&A offering; Hekla's partners and staff had in fact already joined BDO Paris roughly two years earlier (around 2020). Tircazes continues at BDO France as the Partner leading M&A within Deal Advisory.

Investment Thesis & Focus

  • Operates as an M&A / corporate-finance advisor, not as a check-writing angel; his work is advising owners and companies on sell-side and buy-side transactions, mergers, and business transfers rather than making equity investments.
  • Focus on the French services and professional-services sector, aligned with both Hekla's historical specialization and his own operating background (media/advertising services at Carat/Aegis, outsourced customer relations at b2s).
  • Mid-market transaction advisory, drawing on his combined experience as a former CEO/CFO and as a chartered accountant.
  • BDO France positions its Deal Advisory / Corporate Finance practice around M&A, transaction services, and valuation for mid-sized companies — the environment in which he now operates.
  • No publicly stated personal "investment thesis," check size, or target-company investment criteria could be verified.

Notable Investments

  • No specific personal angel or seed investments could be verified from public sources.
  • His documented work is advisory (M&A transactions for clients under the Hekla Corporate Finance and, later, BDO France banners) rather than a named venture portfolio. Specific client deal names were not publicly disclosed in the sources reviewed.

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