The PE firm saw an improved monthly financial reporting cycle, reducing P&L close timing and incorporating detailed management discussion and analyses into the monthly reporting package. The PE firm accomplished all of this while still finishing the audit on time and without a qualified opinion.
As a result of the interim CFO and FP&A engagement with BDO, the PE firm’s portfolio company quickly improved its performance.
BDO’s work tripled the company’s EBITDA from $20 million to $60 million over nine months, raising its valuation.
The portco improved its position for a successful exit while also improving its liquidity enabling it to successfully manage tight financial conditions with its new lender.
