Post-Acquisition Treasury
The first-100-days financial discipline post-close.
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Sector
Private Equity Treasury Advisory.
Independent treasury and banking advisory for private equity firms and their portfolio companies. Diagnostic, redesign, negotiation, and implementation across the value creation timeline.
Private Equity Advisory
Treasury, banking, and financial discipline for portfolio value creation.
Firma Advisory works with private equity firms and their portfolio companies to install the treasury and banking discipline that drives measurable EBITDA improvement and durable financial control. We operate alongside operating partners and portfolio CFOs — from diligence through hold period — to identify, structure, and execute the financial improvements that move the value creation plan forward.
The work is concentrated where most portfolios have the most untapped value: treasury structures, banking relationships, FX costs, cross-border financial flows, and the financial infrastructure that underpins all of them.
The Opportunity
Where value sits, hidden, inside a typical portfolio company.
Most newly acquired companies carry years of accumulated inefficiency in their financial operations. The largest sources are predictable, recurring, and rarely investigated post-acquisition.
Fragmented banking relationships
Multiple banks, no consolidated pricing view, weak negotiation leverage. The cost is recurring and shows up in FX spreads, fees, and credit margins.
Limited cash visibility
Cash positioning across entities is opaque. Forecasting is reactive. Capital allocation decisions are made without consolidated information.
Inefficient FX execution
FX is priced bilaterally, often well above market. There is no benchmarking, no policy, and no execution framework.
Weak credit terms
Facility pricing, commitment fees, and covenant packages reflect the company's risk profile from years earlier — not its current scale.
Underdeveloped financial infrastructure
Manual processes, weak controls, fragmented reporting. Operational risk that is invisible until it isn't.
No treasury function
Treasury exists in name. There is no structure, no framework, and no senior-level discipline at group level.
Approach
A structured engagement aligned to the value creation timeline.
We work in phases that align with the way PE-backed value creation actually unfolds — with measurable outcomes at each step.
Diagnostic
Map entities, banking relationships, liquidity flows, FX exposure, and financial infrastructure. Identify the largest sources of avoidable cost and structural risk.
Treasury redesign
Design the treasury structure, banking model, and operating framework. Define policy, governance, and decision rights at group level.
Negotiation
Execute the banking RFP and renegotiation. Benchmark pricing on FX, fees, payments, and credit. Diversify counterparts where appropriate.
Implementation
Stand up the systems, processes, and reporting required to operate the new structure. Hand over to portfolio CFO with documentation and supporting tools.
Impact
Outcomes that flow directly to EBITDA and to the next exit.
Direct EBITDA contribution
Reductions in banking and FX cost flow directly to operating profit, recurring annually and visible to the next buyer.
Liquidity discipline
Group-level cash visibility, working capital improvement, and reduced reliance on external financing.
Diversified banking
Reduced single-bank dependency, stronger relationships, more favorable credit terms.
Scalable treasury
Framework that supports add-on acquisitions, international expansion, and increasing operational complexity.
Audit-ready financial infrastructure
Documented processes, governance, and controls that strengthen the financial story at exit.
Faster CFO onboarding
A clear operating framework reduces the load on the portfolio CFO and accelerates time-to-impact.
Engagement Partners
Who we work with on the PE side.
Operating partners
Lead value creation across portfolios. We deliver the financial workstream as part of the broader operational plan.
Deal teams
Diligence-stage assessment of treasury, banking, and financial operations. Pre-LOI identification of the financial value creation thesis.
Portfolio CFOs
Direct engagement on the design and execution of the treasury and banking improvement plan.
FAQ
Private Equity Treasury Advisory: Common Questions
How quickly can banking and FX cost reductions be realized post-acquisition?
Diagnostic and benchmarking work typically takes four to six weeks. Negotiations and renegotiations are usually concluded within two to three months. First measurable savings are visible in the first quarter post-engagement and recur annually.
Do you work at the fund level or with portfolio companies directly?
Both. Many engagements begin at the fund or operating partner level and are then deployed across specific portfolio companies. We also work directly with portfolio CFOs where the fund prefers a bilateral relationship.
How do you ensure independence given your banking expertise?
Firma Advisory has no affiliations, retainers, or commission arrangements with any bank or financial institution. Our compensation comes exclusively from advisory fees paid by the client.
Can the engagement be modeled into the value creation plan?
Yes. Banking and FX cost reductions are reliable enough to be modeled. Diagnostic outputs include indicative ranges that can be incorporated into the operating plan and tracked against actuals.
Engage
Discuss your financial priorities with us.
A brief, confidential conversation is the most efficient way to determine where Firma Advisory can support your organization.