Post Acquisition Interim CFO
A major media company had acquired a fast growing Beijing company and urgently required an interim CFO to assist in the crucial 6-months post acquisition period.
Working with both the Chinese partner of the acquired entity and key managers of the client, our work covered:
Completion of transaction formalities
Negotiation of local managers employment contracts
Implementation of internal processes
Recruitment of financial controller
Assessment of other acquisition targets
At the end of the assignment, the post acquisition transition was smoothly managed with all key systems, contracts, and senior managers (including a “US GAAP” financial controller) well in place to meet corporate governance needs as well as to support the growth of the business.