Prior to joining CR3 Partners, Carmen served as Chief Financial Officer of a privately held telecommunications services firm where she was responsible for accounting, financial planning & analysis, risk management, benefits administration and management, as well as cash management. Her advisory experience also includes working directly with a variety of companies providing financial and strategic advisory services.
Interim CFO to a $50MM multi-location sporting goods retailer. Led financial integration efforts for private equity rollup including treasury management, accounting systems and HR and benefits. Managed accounting, financial planning & analysis, purchasing, HR and benefits administration, and risk management.
Financial advisor to CRO of $136MM global entertainment retailer and franchisor with 45 units. Responsible for assessment and oversight of liquidity requirements, identified excess overseas working capital used to improve U.S.-based liquidity until sale of company.
Financial advisor to $700MM national distributor of pet-related products preparing detailed operational and financial assessment in support of financial restructuring and ownership change. Responsible for detailed analysis of annual operating plan and cash flow forecast to identify potential weaknesses and recommend best practices.
Financial advisor to 200-unit quick service restaurant chain. Conducted in-depth sensitivity analyses of future P&L, cash flow and covenant performance, and created improved cash flow forecasting processes. Successfully renegotiated credit agreement while company was undergoing insolvency proceedings.
Financial advisor to $16MM telecommunications services firm managing financial relationships through credit default and liquidity crisis. Led successful efforts to secure refinancing with alternate capital sources. Developed liquidity management tools and drove liquidity improvements to stabilize the company’s cash situation. Drove operational improvements through financial reporting and analysis services.
There's a difference between steady state management and change agents. A great steady state management team can execute an operating plan every day with precision. Deviations from a defined process can create conflict in an organization that is dedicated to staying the course.
Roll-up mergers can create significant value through scale and cost savings, but not all roll-ups perform as expected. Speed of integration may be the most challenging factor when acquiring and consolidating multiple assets.
CR3 Partners is delighted to announce that Tim Skillman has joined as a Partner of the firm and will be heading the new CR3 Partners Los Angeles office.
