Creating the foundation for a cosmetics co. carve-out

Picture this...

You’re among several cosmetics brands being carved-out from a multinational industry leader. You need to establish a brand-new, standalone company, while completing a highly complicated transaction with multiple transition and distribution services agreements (TSAs and DSAs), a global presence with different ERP systems, and under-developed functions requiring significant investment initiatives. You need a robust, interim team to run the function and build out a permanent team.

You turn to Accordion.

We deploy accounting and FP&A professionals to lead the Company in operationalizing key accounting operations and FP&A workstreams, including: ​

• Serving as Interim Controller and Head of FP&A to advise leadership in key decisions such as financial auditors and tax advisor selection, interim accounting and finance personnel hiring, seller TSA operations negotiations, and managing the accounting and FP&A teams to deliver critical financial reports and analyses.​
• Collaborating with leadership and functional teams to create a detailed, operational budget within 3 weeks.​
• Refining a 13-week cash flow model and building a weekly liquidity management program and tracking and maintenance of the Company’s one-time costs to measure against key purchase agreement terms and cash forecasts.​
• Providing support across monthly and quarterly financial close analytics, implementing a stand-alone management reporting tool, planning future ERP requirements, establishing standard operating procedures.​
• Facilitating a debt capital market transaction post transaction by building financial models and marketing materials, conducting working capital analyses, and facilitating lender diligence such as appraisal and field audit.

Your value is enhanced.

Your new company stands-up an independent F&A function. You develop tailor-made processes and tools to create a fully functional annual operating plan, 13-week cash flow, and investment cost tracker to monitor performance and liquidity. You establish a streamlined accounting close process, easily transitioned to permanent employees, put management reporting in place, and you received critical analytics to measure and course-correct operational decisions.