A new age investor is someone other than a money lender, family, friends. These are Private Equity/ Venture Capital funds (institutional funds) or Angel investors (entrepreneurs/ professionals who invest in ideas/entrepreneurs) or High Net worth Individuals or Mutual Funds, Institutions, shareholders who invest in listed companies and understand the art of making money/returns on their investments. They are also professionals who are/have been entrepreneurs, run businesses or been/are part of a professional set ups. Continue reading
IndFrag is an 80 year old, $ 100mn Indian group and the industry leader in industrial fragrances and flavours. The company is based in Mumbai having manufacturing capacities in Mumbai, Gujarat and Netherlands.
MyCFO assisted the company in a comprehensive change management project from a Promoter managed to a Professionally managed company. MyCFO was involved preparation of MIS reports, preparation of financial statements under local GAAP, analysis of product and business profitability, project managing the implementation of an ERP, preparing the data room for potential PE partners. Continue reading
CFO is one of the earliest moves made by a PE firm upon adding a company to its portfolio. PE investors want to track the Investee Company’s financial situation as soon as they are invested. While the acquired portfolio company may have solid financial systems and reporting, the PE firm’s first priority will be to upgrade the financial structure and transparency by adding a new CFO.
PE investors prefer CFOs who have worked in both large and small corporates. The large corporate experience provides an understanding of sophisticated corporate systems and the experience in a small company helps to test and enhance the CFO’s resourcefulness and ability to deliver when removed from the expansive support systems of a large corporate setting. Continue reading