Evp & Cfo
CurrentAcquired by Align Technologies for $190 million (April 2011): ~ 5x 2010 RevenuesMedical device company that provides intra-oral scanners to the dental industry. Key investors include: Fortissimo, Apax, JP Morgan. Revenue grew from $29.0 million in 2009 to $38.0 million in 2010 and a projected $46.0 million in 2011. Cadent has 240 employees in the US and in Israel, where it maintains its manufacturing facilities.Key member of our management team: responsible for corporate finance, human resources, facilities management, regulatory (e.g., FDA), risk management (e.g., insurance) and the legal function.- Managed the M&A process in order to maximize the selling price: hired the investment bankers; partnered with the CEO to negotiate the best possible terms; managed the entire due diligence process; worked closely with the legal team on all merger related documents; communicated transaction details to shareholders; - Partnered with the CEO on all business related issues: provided financial and business insight on key issues affecting the organization. Supported senior management team – operations, sales, marketing - on tactical and strategic issues;- Put in place the necessary infrastructure (people, systems, processes) to support the growth of the company: restaffed key finance positions based on elevated job requirements; implemented operational and system enhancements to improve productivity; established formal management reporting. Completed the 2010 audit with no adjustments.- Worked closely with the Board on all corporate governance manners