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Case study Building a High-Performing Finance Team After EQT-Led Divestment
Background
Bloom Fresh, Backed by EQT, is an innovative AgriTech business, was partially divested from the global Spanish agricultural company Amfresh. They specialise in sustainable and technology-driven farming solutions.
The Challenge
To quickly establish an efficient Head Office Finance Function in London following the EQT-led divestment from the Spanish corporate, BloomFresh needed to enhance its operations and ensure smooth integration.
The Solution
Cedar collaborated closely with the Interim CFO, EQT, and legacy Spanish shareholders to design a comprehensive hiring roadmap aligned with the company’s evolving needs. This included:
- Project managing the rapid sourcing and deployment of skilled interim professionals and carefully planning their onboarding.
- A staggering onboarding phases, to ensured seamless integration with the ‘go live’ dates of each function.
As a result, multiple interim professionals were deployed to build a fully operational finance team, including:
- Group Reporting
- Management Reporting
- Financial Planning & Analysis
- Treasury
- Operational Accounting (AP, AR, Etc)
The Results
This phased approach minimised disruption and enabled the organisation to meet ambitious milestones with efficiency and precision.
- Deployment of a team of 8 interim professionals, within a matter of days from ‘go live’ to assignment commencement.
- Professionalisation of the finance function, and the provision of sufficient time to begin permanent searches to wind down the interim cover over several months.
“When we needed to expand our finance teams in the UK & Scotland, Cedar stepped in to support us. Cedar ensured all our senior finance roles were filled promptly. They were informative and engaging throughout the process, working effectively with the team. We highly recommend Cedar and look forward to our ongoing partnership.”
