Background and objectives
Acquisition of a foodservice and travel retail company with a footprint in ten countries and annual revenues of approximately €200 million.
Lead the integration of the target company into the Group’s financial reporting framework.
Our mission
“Establishment of complete monthly and annual closing processes — including Balance Sheet, P&L, and Cash Flow Statement — for the newly acquired entity.
Development and deployment of an account mapping between the target entity’s BPC accounts and the Group’s BFC financial reporting structure, aligned by nature and purpose (function).
Prepared individual opening balance sheets for all 17 acquired entities as part of their integration into Group financial reporting.
Conducted purchase price allocation (PPA) in accordance with revised IFRS 3, including goodwill calculation and allocation to individual concessions by subsidiary.
Converted financial information from BPC to BFC by developing an automated data upload file for integration into BFC consolidation packages.
Provided assistance to local controllers on acquisition-specific matters and the use of the BFC reporting tool, through targeted training sessions.
Coordination/Communication with integrated countries
Advisory support on the carve-out strategy, with a focus on preparing the financial integration and operational merger of the target’s 10-country footprint into the Group’s entities.
Provided support for the setup of the budgeting framework, with financial projection analysis and the drafting of formal budget documentation and reporting packs.
Results
Achieved a successful integration of the target entity, ensuring on-time closings and delivery of financial information in line with the Group’s standards and needs.
Setting up a reference reporting system within the target company
Ensured timely monthly and budget reporting, revitalized reporting deliverables, and proposed the adoption of best practices to optimize the closing process.
