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Case Studies

Fractional CFO & Diligence Support for VC-Backed Life Sciences Company

Fractional CFO & Diligence Support for VC-Backed Life Sciences Company

Situation

A venture-backed life sciences startup was preparing for a potential acquisition by a global public company when their controller gave notice. With only two weeks of transition time, the company urgently needed experienced finance leadership to:

  • Maintain financial operations
  • Prepare for investor diligence
  • Guide internal teams through a complex transaction process

MMG was engaged to stabilize the finance function, step in as interim CFO, and lead the financial workstream through diligence.

Solutions
1

Full Financial Function Ownership

MMG took over day-to-day accounting and finance operations — including accounts payable, accounts receivable, payroll, monthly close, financial reporting, budgeting, and board materials — ensuring no disruption during a critical time.
2

Interim CFO Leadership

We filled the leadership gap by stepping in as interim CFO, balancing strategic finance responsibilities with operational execution.
3

Transaction Stability

Throughout the diligence process, we ensured the finance function remained stable and dependable, allowing management to stay focused on broader business priorities.
4

Diligence Workstream Leadership

Post-LOI, MMG led the finance workstream:
• Built and managed the data room
• Coordinated with internal departments
• Developed strategies for buyer responses and information flow
5

Strategic Modeling for the Deal

We developed key financial models central to the transaction, including:
• Cap table waterfalls
• Integration forecasts
• Valuation scenario planning
6

C-Suite & Buyer Liaison

MMG served as a trusted partner to the CEO, acting as a point of coordination across stakeholders — including the board, internal teams, and the buyer — throughout a 5-month exclusive diligence process with a global public acquirer.
Results

The Transaction is closed and our leadership ensured the company entered diligence with financial stability, strategic clarity, and investor confidence — critical ingredients for a successful exit.

Acquisition On-boarding and Exit SupportFractional AccountingBio-Tech / Startups
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