Terms of use

Last updated: 23 July 2026

Scope and acceptance

These terms govern the use of this website, published by Impact Advisory (Choc Partners). By accessing and browsing it, you accept them without reservation.

This site is addressed to private-equity professionals. It does not govern the supply of any software licence or advisory services: those are covered by a separate written agreement entered into between professionals. Our general terms of sale are available on request to any professional, in accordance with article L.441-1 of the French Commercial Code.

Information provided

The content of this site is provided for information only and does not constitute an offer, investment advice, or any form of professional recommendation. Figures shown are synthetic and illustrative.

External sources are cited where third-party statistics are quoted; we make no representation as to their accuracy.

Intellectual property

The content of this site is protected as described in the legal notice, which forms an integral part of these terms. Without prior written authorisation, the following are prohibited: any substantial extraction or re-use of the content, any reproduction for commercial purposes, and any text and data mining, which Impact Advisory has expressly opted out of.

Hyperlinks

Links to third-party sites are provided for your convenience. We have no control over their content and accept no responsibility for it.

You may link to this site provided the link creates no confusion as to the origin of the content. Framing or embedding of any part of this site is prohibited without prior written consent.

Availability and liability

We aim to keep this site available and accurate but give no warranty to that effect and may modify or withdraw content at any time.

To the extent permitted by law, Impact Advisory shall not be liable for any damage, direct or indirect, arising from access to the site, its unavailability, or the use of the information it contains.

Changes

These terms may be amended at any time. The applicable version is the one published on this page on the day you visit.

Governing law

These terms are governed by French law. Any dispute falls under the exclusive jurisdiction of the courts of Paris, subject to mandatory rules protecting non-professionals.