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Münster, Germany Strategy, M&A
Senior
10 years experience
  • Turnarounds
  • Financial Modeling
  • Business Strategy
  • M&A
  • +20
Hire Stephan
Valencia, Spain Strategy, M&A
Associate
5 years experience
  • Turnarounds
  • Financial Modeling
  • Business Strategy
  • M&A
  • +6
Hire Alejandro
France M&A, Private Equity
Analyst
10 years experience
  • Turnarounds
  • Financial Modeling
  • Business Strategy
  • M&A
  • +5
Hire Souhir
Vigo, Spain M&A, Venture Capital
Senior
23 years experience
  • Turnarounds
  • Financial Modeling
  • Business Strategy
  • M&A
  • +5
Hire Juan
Dallas, TX, USA Strategy, M&A
Manager
5 years experience
  • Turnarounds
  • Financial Modeling
  • Business Strategy
  • M&A
  • +8
Hire Sameer
São Paulo, State of São Paulo, Brazil Strategy, M&A
Analyst
5 years experience
  • Turnarounds
  • Financial Modeling
  • M&A
  • Corporate Finance
  • +7
Hire Thales
M&A, Private Equity
Manager
5 years experience
  • Turnarounds
  • Financial Modeling
  • Corporate Finance
  • Financial Analysis
  • +5
Hire Daniel
Squamish, BC, Canada Private Equity, Investment Management
Analyst
4 years experience
  • Turnarounds
  • Financial Modeling
  • Corporate Finance
  • Financial Analysis
  • +3
Hire Zachary

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Frequently asked questions

What clients usually engage your Turnarounds Consultants?

We work with clients from all over the world. Our clients range from enterprise and corporate clients to companies that are backed by Private Equity or Venture Capital funds. Furthermore, we work directly with Family Offices, Private Equity firms, and Asset Managers. Most of our enterprise clients have dedicated Corporate Development, M&A, and Strategy divisions which are utilizing our pool of Turnarounds talent to add on-demand and flexible resources, expertise, or staff to their in-house team.

How is Fintalent different?

Fintalent is not a staffing agency. We are a community of best-in-class Turnarounds professionals, highly specialized within their domains. We have streamlined the process of engaging the best Turnarounds talent and are able to provide clients with Turnarounds professionals within 48 hours of first engaging them. We believe that our platform provides more value for Corporates, Ventures, Private Equity and Venture Capital firms, and Family Offices.

Our Hiring Process – What do ‘Community-Approach’ and ‘Invite-to-Apply’ mean?

‘Invite-to-Apply’ is the process by which we shortlist candidates for the majority of projects on our platform. Often, due to the confidential nature of our clients’ projects, we do not release projects to our whole platform but using the matching technology and expertise of our internal team we select candidates who are the best fit for our clients’ needs. This approach also ensures engagement with our community of professionals on the Fintalent platform, and is a benefit both to our clients and independent professionals, as our freelancers have direct access to the roles best suited to their skills and are more likely to take an interest in a project if they have been sought out directly. In addition, if a member of our community is unavailable for a project but knows someone whose skill set perfectly fits the brief, they are able to invite them to apply for the role, utilizing the personal networks of each talent on our platform.

Which skills and expertise do your Fintalents have?

The Fintalents are hand-picked and vetted Turnarounds professionals, speak over 55 languages, and have professional experience in all geographical markets. Our Turnarounds consultants’ experience ranges from 3+ years as analysts at top investment banks and Strategy consultancies, to later career C-level executives. The average working experience is 6.9 years and 80% of all Fintalents range from 3-12 years into their careers.

Our Turnarounds consultants have experience in leading firms as well as interfacing with clients and wider corporate structures and management. What makes our Turnarounds talent pool stand out is the fact that they have technical backgrounds in over 2,900 industries.

How does the screening and onboarding of your Turnarounds talent work?

Fintalent.io is an invite-only platform and we believe in the power of referrals and a closed-loop community. Members of our community are able to invite a small number of professionals onto the platform. In addition, our team actively scouts for the best talent who have experience in investment banking or have worked at a global top management consultancy. All of our community-referred talent and scouted talent are subject to a rigorous screening process. As such, over the last 18 months totaling more than 750 hours of onboarding calls, of which only 40% have received an invite-link after the call.

What happens if I am not satisfied with my Turnarounds consultant’s work?

During your initial engagement with a member of our Fintalent talent pool with no risk. If you are not satisfied with the quality of your hire for any reason then we are able to find a replacement at short notice. There is no minimum commitment per project, but generally projects last at least 5 days and can last 12+ months.

We are a community-based M&A staffing platform.

With our platform, you can fill full-time M&A roles, or staff your team with a Turnarounds expert when you need an extra hand.

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Everything you need to know about Turnarounds

What are Turnarounds?

Turnaround in finance is when a company has been experiencing financial distress and there is a plan to return it to profitability. These plans are typically created when the CEO has been terminated with substantial losses in the company’s net worth and there is a lack of confidence that a new CEO can improve upon these numbers. In this situation, a third party is brought in to review the situation and often take over control of the board of directors. A series of management changes will begin along with layoffs and cost cutting measures which will be implemented quickly to bring about short term cash flow improvements. These measures can be reversed once the company has been turned around.

Turnaround plans are a risky endeavor for a company and a challenge for a CEO. It is very hard to drop costs quickly without affecting customer service or sales, therefore it is often better to grow revenue through expansion of the market, new products and pricing adjustments. External financial support from investors may also help along with access to capital from banks or bond selling to finance cuts in expenses. However, if additional capital is not available then the entire plan will fail, so cutting costs becomes necessary.

The goal is to keep the employees on board by paying them some of their salary every week or month that they are at work. If the employee believes that there is a future at the company, he or she will continue to show up for work until eventually there is reason to quit. The cutbacks require attention on what is working, what isn’t and how much it is costing the company. This can be summarized in a profit and loss statement (P&L) which will show where the money has come from and where it will need to come from in order for the plan to succeed. When all of these elements are in place then positive cash flow will start occurring if enough employees return after layoffs occur.

How to Curate Turnaround Strategies

The best turnaround plans are founded on three things.
1) Clear strategy
2) Strong leadership with expertise in the company’s core business
3) Financial firepower
When all three are present, a company can develop a sustainable plan to achieve success. But when at least one of those pillars is weak, the entire enterprise can crumble under its own weight.

1) Clear Strategy – The first step in any turnaround plan is clear strategy with measurable goals and objectives. Without this direction, employees and other stakeholders will be left grasping for what to do next – nothing benefits from lack of clarity more than an organization experiencing turbulence.

2) Strong Leadership – Clear strategy is worthless without strong leadership to execute it. Truly effective leaders provide a solid foundation for a company to achieve its goals. They must be willing to take risks and build credibility with the organization’s target customer base, but also be willing to make unpopular decisions that may not benefit them personally. These tradeoffs are necessary if the company is going to succeed in the long-term.

3) Financial Firepower – The cornerstone of any turnaround strategy is access to resources from lenders and investors. Without the ability to pay the bills, the turnaround plan will fail. On Wall Street, this typically entails having access to advanced investor due diligence and business plans, as well as enough capital to support the company’s goals for an agreed-upon period of time. Without these elements, a company can be crippled by debt until it runs out of cash.

Turnaround strategies that are not founded on clear strategy or strong leadership may succeed temporarily due to other factors, but usually result in disastrous outcomes for investors within a few years of their implementation.

Characteristics of a Turnaround Plan

All three pillars need to be present in order for a turnaround plan to be effective. Without finance to support the necessary restructuring, it is impossible to execute a strategy that will bring success.

If the company is strong on all three, then their best chances are with an active board that can oversee operations and still have time to pay attention on the financial status of the company. This means they need an experienced board of directors who can focus on how to make this turnaround happen. They also need to have leaders who are clear about what they want, but also willing to listen to advice from others about how it can be accomplished. Lastly, they may need some advanced Wall Street or financial expertise in order to analyze what they will be working with.

In a turnaround, the confidence in the organization’s future must come from its leadership, not from investors or analysts.

How Fintalent Can Help Implement Your Turnaround Goals

Fintalent’s pool of tier-1 Strategy Consultants can evaluate your business and help determine the best course of action to achieve a turnaround. By carrying out comprehensive technical and bottom-up analysis, as well as portfolio analysis thanks to the presence of expert investment managers, Fintalent provides expertise to see through a turnaround from conception to implementation.

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Case studies

Want to become a Fintalent?

»We needed a VP of Finance / CFO profile to help put our fast-growing FinTech on the right track. Fintalent delivered more targeted profiles than I could have ever imagined, and they did it super fast. We’ve now hired our Fintalent full-time!«

Giacomo Ficari, Lifepal
Giacomo Ficari
CEO & Co-Founder, Lifepal

»Our Fintalent was incredible. He always went a layer deeper. We now consider Fintalent a partner on all our new projects.«

Tiara Letourneau
Tiara Letourneau
CFOO, Rewrite Capital

»I worked in Corporate M&A for more than a decade and wish a platform like Fintalent would have existed years ago! Fintalent provides a very flexible, cost- and time-efficient way to deal with our buy-side transaction staffing requirements with top tier M&A experts.«

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Alexander Mora, CFA
Partner at Ingeniam, former COO/ Head of M&A of DWS Group