Private Equity Funcast

Exit Readiness as a PE-Backed CFO

Jul 8, 2024

Experienced CFO Jon Danielson discusses shifting from investing to CFO roles, prioritizing operational tasks, emphasizing clean data, and building strong finance teams. Topics include balancing operational and strategic responsibilities in PE-backed companies, restating financials for accuracy, evaluating Quality of Earnings reports, and preparing businesses for sale with organized data and documentation.

55:52

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Episode guests

Jon Danielson

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Episode notes

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Quick takeaways

Moving from an investor to an operating role presents surprising challenges for PE-backed CFOs.

Shrinking the Quality of Earnings (QofE) is a crucial aspect to consider in preparing a business for sale.

Building efficient, supportive, and high-performing finance teams is essential for CFOs in PE-backed companies.

Deep dives

Introduction and Reintroduction of Cassie Ball as a Principal at Parker Gale

Cassie Ball, a principal at Parker Gale, reintroduces herself on the podcast after a break since her first episode as an associate in 2015, emphasizing her role working closely with finance and accounting teams post-investment.

Intro

3min

From Investor to CFO: Navigating Operational Challenges

24min

Challenges and Strategies for a CFO in a Private Equity-backed Company

11min

Exploring Quality of Earnings Reports in Private Equity Deals

5min

Preparing a Business for Sale: The Importance of Data Organization and Documentation

6min

Advice on Transitioning to a Role as a PE-Backed CFO

6min

ParkerGale Principal Cass Ziebel sits down with CFO Jon Danielson to discuss the priorities of a PE-backed CFO and what he's learned from a recent sale process. In this episode, Jon talks about what surprised him most when he moved from an investor role to an operating role, what it means to "shrink the QofE," and advice to other CFOs as they enter a PE-backed business in the first few months and prepare a business for sale.

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Private Equity Funcast

Exit Readiness as a PE-Backed CFO

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Introduction and Reintroduction of Cassie Ball as a Principal at Parker Gale

Discussion with Former CFO of Portfolio Company, FizzCom

Challenges and Surprises of Transitioning into an Operating Role as CFO

Building and Managing Finance Teams as a CFO

Prioritizing Basics, Balancing Detailed Analysis, and Setting Non-Negotiables for a CFO Role in Private Equity

Remember Everything You Learn from Podcasts