Service Area: Human Capital
Client Type: Private Equity Firm
Service Provider Type: Interim CFO
Industry: Professional Services
A PE firm carved out a nine-figure global payroll and HCM-services business from a multi-billion-dollar parent. With closing fast approaching, the deal team needed an interim CFO for 3–6 months to establish standalone finance operations, oversee treasury and manage global reporting while a permanent executive search ran in parallel.
The carve-out inherited 250 dispersed finance staff but lacked senior leadership and robust processes. Critical tasks included setting up multi-currency banking, building a 13-week cash-flow model and disentangling shared-service contracts across Europe, India and North America — all under a tight transition-services timeline.
BluWave introduced a shortlist of seasoned interim CFOs with deep carve-out and global services experience. The client selected the candidate with a track record of standing up finance functions for $250–$500 million service platforms. Within days, the interim CFO was embedded with the management team, coordinating with carve-out advisors and global workstreams.
The interim CFO established new banking relationships, implemented global cash-management protocols and delivered an actionable cash-flow model pre-close. He organized Workday and SAP data into consolidated monthly reporting and guided tax, FP&A and treasury leads through TSA exit milestones, positioning the company for a smooth handoff to permanent leadership.
The interim CFO BluWave selected was very qualified. He ramped up quickly, knew what to do in a carve-out, and was instrumental in getting banking set up and cash flowing globally. He’s a great communicator and we’ll work with him again.
-Senior Vice President at Private Equity Firm
