Case Study – Interim Management

Experienced interim finance professional oversees successful sale of fast-growing tech firm

Our clients, an entrepreneurial owner-manager and a well-known M&A advisory boutique, needed to hire an experienced finance professional on an interim basis to facilitate the sale of a fast-growing technology business.

The problem: finding an experienced, flexible interim finance pro to run due diligence

The software as a service (SaaS) company had grown EBITDA from zero to £2m to £8m in the first three years of operations. While such companies typically operate without established CFO/FD support, instead using outsourced, cloud-based service providers, both parties recognised the need for a highly experienced commercial finance professional to run due diligence and to guide the owner through the process.

The client needed to act quickly as there was a small window in which to operate and run the sale auction to create maximum value. The client also required flexibility from the candidate since the time needed on various aspects of the project would vary at different stages of the transaction.

The solution: MavenGig quickly identifies the best candidates

Maven Partners used MavenGig – the interim finance professional recruitment platform – to identify and shortlist three candidates with relevant sector experience, and a history of successful sale transactions. MavenGig’s large community of highly experienced financial professionals meant that the search was over within 24 hours.

The result: a successful transaction completed quickly and confidently

The best candidate was appointed and worked on a flexible arrangement (between 1 to 7 days per week as needed) to help run and manage the sale process. Thanks to the appointment of a steady hand to direct the finance function, the M&A adviser could rely upon a well organised and structured vendor due diligence programme, while the owner-manager could focus on business-as-usual. Both aspects were critical to the success of the transaction.

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