Finatal have been mandated by a mid-market PE fund, who are in exclusivity to acquire a multi-site healthcare business, with a services arm. The business are currently £2m EBITDA looking to scale to £10m over the course of 3-5 years. This role will likely come in from day 1 of the transaction being completed (potential for some final DD work 1-2 weeks prior to deal closure).
Key focus will be around finance professionalisation; creating a 100 day plan, improving board packs, improving financial reporting to PE standard, and mentoring the incumbent team to understand PE drivers and pace.
Key responsibilities:
- Completion of post-deal acquisition accounting
- Finance professionalisation; board packs, financial reporting, team structure
- Improve controls and processing; reduce month-end process to be more efficient
- Assessment of incumbent team; areas of weakness, enhancement of FP&A function
- Assessment of systems; can current one be maximised or do they need to look at a new option
- Overall business assessment, partnering with CEO and COO to look at existing operations, where can costs be reduced, which areas of the business require further investment.
- Oversight of potential M&A DD / assessment of pipeline and further suggestion to c-suite
Key requirements:
- Previous experience working with a private equity backed business and coming in post-primary buyout and improving the organisation
- Previous healthcare/multi-site experience
- Understanding of time & materials / WIP reporting to best drive the services arm of the business.
- A people person and strong mentor to junior members of the finance team
