Large corporation meets private equity, carve-out, S4/HANA
Shortly after the sale of the business area (Rama, Becel, Lätta) by Unilever to a private equity company (KKR), the CFO of the buyer’s German subsidiary left the company.
Our services
- Interim CFO
- Go-Live S4/HANA & troubleshooting
- Workaround for sales, turnover and cash flow planning
- Outsourcing of accounting and credit management to best cost countries
- Carve-out of Unilever
Results
- Achievement of EBIT; cash flow targets secured
- Order to cash process successfully implemented at S4/HANA and overdue receivables reduced to zero
- Rolling integrated business planning based on item/customer implemented in volatile system environment
- Unilever’s carve-out completed, contaminated sites cleared
Upfield Deutschland GmbH
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“When I needed an interim CFO for a 300 million euro company in the German FMCG sector to cover maternity leave, I immediately chose Josef Kainz. He rapidly familiarized himself with the corporate environment and led the financial carve-out of Unilever, the go-live process of S4 / HANA and energetically supported me in the management of the demanding private equity owner.”
Dr. Carsten Wehrmann
former CEO Upfield Deutschland, Hamburg, now GM Reemtsma
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