Raoul Cernaz

Executive summary

Raoul is a Deal Advisory Director with BDO in Sydney specialising in merger and acquisition (M&A) integration and separation. He helps clients navigate complex transitions between deal signing and deal completion, with experience across mining, financial services, healthcare, and telecommunications. A former Army Officer, he brings strategic clarity and operational discipline to every engagement.

Raoul specialises in integration and separation planning, operational due diligence, and deal execution. He has led various projects across multiple sectors, including mining, energy, industrials, financial services, healthcare, and telecommunications.

Expertise

• M&A strategy
• Commercial due diligence
• Operation due diligence
• Carve-outs
• Divestitures
• Post-merger integration
• Integration readiness
• Value creation

Experience

Mining

• A top 10 ASX company - Co-led the end-to-end advisory support needed to divest two coal mines simultaneously.
• South Africa based mining company - Led the conduct of Operational Due Diligence.

Financial Services

• Superannuation entity - Lead advisor from planning to completion to enable the standalone separation of a superannuation entity from a top 10 ASX company.
• A real estate fund - Led the Day 1 Readiness and Cutover Phase for an integration driven by a prominent real estate asset group.
• A private equity firm - Led the delivery of a Day 1 Operating Model and Change Impact Assessment for an acquisition on behalf of the firm.

Technology, Media and Telecommunications

• A digital infrastructure company - Provided Integration Management Office support to the company, including the uplift in functional capabilities needed to enable TSA exit.
• A prominent internet service provider - Advised on operational integration quick wins and subsequent realisation of synergy targets.

Healthcare

• A healthcare provider - Advised the integration of a regionally-based hospital, including the amalgamation of all corporate services and technology requirements.

Qualifications and affiliations

• Master of Business
• Graduate, the Royal Military College, Duntroon