Case Study

CFO search for PE-backed beverage business
BY 3P Partners | February 6, 2023

Framing The Search Assignment

Position: Chief Financial Officer 

Client: $100MM private-equity-backed beverage business

 

The Challenge

A highly profitable, PE-backed beverage business required a CFO to build the finance, accounting, and IT functions in preparation for the rapid expansion of their portfolio and distribution.

This individual would become a key member of the executive leadership team, build KPI dashboards, enhance the use of systems, and drive overall efficiency across the business.

 

The Solution

3P Partners successfully presented a shortlist of 14 highly qualified candidates within two weeks of commencing the search. A month later, the client selected a local candidate with a breadth of cross-functional experience and a track record of scaling a business.

The successful candidate has a Big 4 audit background and was promoted several times during the six years that he spent in various rotational roles in corporate planning, financial analysis, and reporting at a large multinational. He gained exposure to sales and marketing finance before jumping into an M&A-heavy role at a private equity-backed business. He spent the last four years as the Chief Financial Officer at a global CPG business. In this position, he was responsible for a cross-functional team of 25 people across accounting, finance, IT, HR, supply chain and logistics, and customer service.

The primary reason why he was selected was that he was a great cultural fit and sparring partner for the newly appointed CEO.

 

The 3P Difference

We are the industry-leading food and agribusiness executive search firm. We attribute our success to our ability to approach experienced candidates who are not actively looking for a new position and conduct comprehensive interviews to give you access to a broader, more qualified talent pool. Our reputation relies on our ability to deliver high-quality service and timely results.

 

The Results

The client was extremely pleased with our collaborative hiring process and ability to identify a candidate who not only had extensive industry experience but was a great cultural fit.

Since the successful completion of this search, the client has tasked 3P with filling their Director of Business Development position and other roles within the PE firm’s portfolio.