Private Equity Services

A $250 million portfolio company was closing a large acquisition, integrating prior acquisitions, and undergoing its annual audit.

The Challenge

  • The Company‚Äôs finance team faced limited resources and was fully immersed in managing day-to-day operations
  • Management was overwhelmed managing the cross-functional impacts of integrating multiple acquisitions simultaneously
  • The Finance team had not executed an acquisition of this size and lacked the expertise on certain complexities related to the pending acquisition
  • The deal was contingent on debt refinancing which required the successful satisfaction of lender due diligence
  • The success of the acquisitions was predicated on achieving significant synergies, including cost reductions in SG&A, elimination of redundancies, streamlined processes and the implementation of best practices throughout the newly combined companies
  • Debt covenants required audited financial statements within 90 days of year-end

The Solution

  • WilliamsMarston was appointed interim Director of Corporate Development
  • Selected and assigned internal due diligence teams, providing training, guidance, and oversite of all aspects of the financial due diligence initiatives
  • Managed external advisors, including Big Four accounting, tax, legal and strategic due diligence teams
  • Supported private equity firm in lender due diligence and debt refinancing negotiations
  • Performed and enhanced FP&A function in order to provide robust management reporting
  • Reviewed year-end close and supported internal finance team with audit preparedness
  • Expedited external audit to meet debt covenant by preparing numerous technical accounting memos
  • Coordinated post-merger integration efforts including managing external advisors to achieve operational synergies and other cost savings
  • Assisted with sell-side due diligence of the newly combined company

The Result

The Company successfully completed its debt refinancing, acquisitions and issued its audited financial statements on schedule. Within a short time, the newly combined company was acquired by a strategic buyer, enabling a successful exit for the Private Equity sponsor.