As we enjoy the start of Summer, the Monomoy team looks forward to continuing to serve our clients and appreciates your ongoing support.
Here are some of the ways Monomoy has helped our clients recently –
- Supported a large technology company by supplying interim roles covering the Corporate Controller and Director of SEC Reporting. Reduced 10-Q filing timeline and identified areas to streamline their close and reporting cycle, including incorporation of new automated tools.
- Provided CFO advisory and technical accounting support for a US subsidiary of a Chinese-based biotech company. Worked with the accounting team to complete first year standalone audit under US GAAP and identified areas for refining business process and team capabilities.
- Provided technical accounting and audit support for an engineering services client including three acquisitions, sale of a subsidiary, lease accounting for over 45 leases, and two debt amendments for a credit facility. Support allowed the client to issue statements 30 days before their deadline.
- Supported a public biotech company to prepare, file and go effective on Form S-4 for a reverse merger transaction with a privately held Chinese company.
- Helped a growing biotechnology company complete its first US GAAP audit while reducing their budgeting timeline and improving their procurement processes.
We are seeing trends in the market including –
- Continued softness in U.S capital markets for early stage life sciences companies leading many companies to look for other sources of financing and creative ways to extend their cash runways.
- An increase in latter stage international life sciences companies located in Europe and Asia, who are looking to raise funds in the U.S, or partner with U.S companies to bring assets to the market.
- Robust demand for integration and process improvement services for private equity funded companies who have grown through acquisition and now need to optimize their operations.
- Uncertainty in the political environment yielding the concern surrounding investment and further evaluation of cost saving initiatives including process improvement, shared service center arrangements to protect profitability and cash flows.
The Monomoy team specializes in the following support services:
- Interim finance
- Accounting advisory
- Business process consulting / project management
- Decision support
Our clients include Life Sciences, Technology / SaaS, Industrial, Consumer / Retail and Services companies both publicly traded and privately held including venture capital and private equity backed entities.
We would sincerely appreciate if you could take a moment to “follow” our LinkedIn page at https://www.linkedin.com/company/monomoy-advisors/. Our focus is on thought leadership, insights, and other relevant content, including real-time updates on current events.
