A $200 million media services company was acquired by a large international private equity firm.
Carved out of a large U.S. company via a debt transaction, the new entity was challenged almost immediately on two fronts: First, to prepare reports similar to that of a public company to satisfy the requirements of the debt holders. And second, to prepare monthly financial information in accordance with IFRS to satisfy the requirements of the foreign PE firm.
Having no significant in-house financial or accounting expertise, the company hired Blythe Global Advisors to ensure they met all reporting requirements. When the company quickly acquired a competitor, Blythe Global provided post-acquisition services including business integration implementation to help get all parties off to a quick start. As part of the company’s focus on operating to public-company standards, Blythe Global helped implement SOX-compliant internal controls and documentation processes.
Blythe Global provided customized training, including templates and schedules, that helped the company build a strong internal financial and accounting infrastructure. This positioned the company to meet future reporting requirements accurately, efficiently and on time.
A leading-edge virtual reality start-up was acquired for $2 billion.
Founded only two years ago and without any executive financial leadership, this innovative startup needed controller-level support for its initial reporting requirements as well as its acquisition.
With its first audit imminent, Blythe Global helped transform raw data into standardized, compliant financial statements and identified proper accounting treatments of all transactions. To give the company a solid foundation for future reporting, Blythe Global evaluated the company’s capabilities, recommended process improvements and provided customized training to new and legacy staff.
Before, during and after the acquisition process, Blythe Global provided a full range of services that presented a comprehensive picture of the business and helped ensure a successful transaction.