Case Study | Interim CFO for Private Equity Portfolio Company

Needed Support

Senior Interim
Private Equity CFO

Project Industry

B2B Services

Functional Topic

Finance

Duration

8 Months

The Challenge

The client, a private equity portfolio company, was facing significant challenges following the unexpected departure of its CFO. The CFO role was critical for maintaining financial stability and overseeing the company’s financial planning, risk management, and reporting.

The client required a highly experienced executive, specifically an Interim Private Equity CFO, who could step in to manage these responsibilities and ensure the company remained on track. This executive needed deep expertise in private equity environments to guide the business and maintain investor confidence, ensuring a seamless transition to a permanent CFO.

Role of Consultport

Consultport was tasked with finding a senior interim Private Equity CFO who had extensive experience managing finances in the private equity sector. Within 48 hours, Consultport provided a shortlist of highly qualified, pre-vetted candidates within its interim managers network.

The client selected a CFO with over 15 years of experience in private equity portfolio companies, well-versed in handling complex financial operations. The interim Private Equity CFO was responsible for managing the company’s day-to-day finances, overseeing planning, and delivering accurate financial reporting.

The Approach

The consultant immediately assumed full Private Equity CFO responsibilities, managing daily financial operations and mitigating financial risks. The interim CFO worked closely with the leadership team to maintain financial health throughout the transition.

Beyond the core duties, the consultant co-developed the company’s business plan to ensure it aligned with long-term goals. The interim CFO also provided regular, clear financial reports to private equity investors, offering transparency and fostering confidence in the company’s performance.

The consultant streamlined record-keeping processes, improving both the accuracy and efficiency of the company’s financial reporting. Additionally, they identified opportunities to enhance operational efficiency, ensuring the company was well-positioned for future growth.

The Results

The interim Private Equity CFO exceeded the company’s expectations, leading to improved financial reporting accuracy and effective management of the company’s operations during the 8-month period.

Effective Financial Management

The CFO maintained full control of the company’s finances, ensuring financial stability and reducing risks during the transition. This allowed the company to operate without disruption.

Enhanced Reporting Accuracy

The consultant improved record-keeping practices and enhanced the accuracy and timeliness of financial reports, especially those provided to private equity investors. This clarity boosted investor confidence in the company’s financial health.

Business Plan Development

The interim CFO co-created a business plan aligned with the company’s long-term growth goals, positioning the company for its next phase under permanent leadership.

Seamless Transition to Successor

With continuous support in financial planning and reporting, the interim Private Equity CFO ensured a smooth handover to the permanent CFO, with no interruptions in financial operations.