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.
Service Area: Human Capital
Client Type: Private Equity Firm
Service Provider Type: Interim CFO
Industry: Professional Services
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The Need
Interim CFO To Executve Complex Carve-Out
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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. |
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The Challenge
Standing Up Finance Amid Worldwide Entanglements
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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. |
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How BluWave Helped
Shortlist of Carve-Out Veterans, Client Chose Best Fit
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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. |
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The Result
Banking Live, Cash Flow Secure, Reporting On Time
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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. |
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