Mitrefinch is a SaaS business, which provides workforce management solutions to companies across the world.
LDC believed that the Management team, led by Debbie Guppy, could transition Mitrefinch from a hardware to a SaaS-first vendor, and take it on an accelerated growth journey.
Having received their first private equity investment of over £20 million from LDC in 2016, Mitrefinch was looking to appoint a CFO to:
Rowan Executive Search was retained by LDC to search, assess and appoint a suitable CFO.
Working closely with LDC and Chair Ian Kelly, it was clear that Mitrefinch needed to change the whole board to allow a successful growth journey.
Rowan, as an experts in Executive Search and SME Teams:
Through this Search process, Colin White was successfully appointed. Colin had relevant B2B experience of investment and exit with the Nanoco Group and others, where he had previously worked at the CFO level.
Given the desire to move to SaaS, it was important that the appointed CFO has demonstrable experience of:
Ian was a great fit for Mitrefinch and was part of the Board team, which, over a 4 year period:
“Ian [Jefferson] had exactly the right balance of detail and strategic ability for this type of investment. We would certainly see him as an ideal candidate for something of similar size in future”