2014 - 2017
In May 2014, Alexander corporate finance (“Acf”) was hired by Zamboni, the largest wholesale distributor in the state of Rio de Janeiro Estate, to performa diagnosis on its capital structure and financial situation.
In June 2014, Acf appointed an interim CFO to conduct the capital structure transformation project and Mr. Alexander was appointed member of the advisory board.
Under the coordination of Acf and supervision of the Advisory board, Zamboni revised and restructured all its financial activities, procedures and practices. The whole project aimed at improving Zamboni´s management skills and avoiding to create any future dependence of external advisers on its regular activities. Following this objective, in 2015 the interim CFO was replaced by adefinitive CFO, selected with Acf support.
Over the same period, following Acf recommendation, the Advisory Board appointed Gradus consultancy (www.Gradusconsultoria.com.br), for a revision of operational procedures and costs (“ROPC Project”) by adopting the “zero base budgeting” methodology.
The capital structure transformation, the ROPC project and all management initiatives resulted in a dramatic improvement of the financial performance and capital structure. Therefore, by the improvement of its working capital efficiency the debt level was reduced more than 65% in four quarters (preserving a long-term relationship with all stakeholders, including, but not limited, workers, suppliers, clients, banks and government). In two years, the net debt/ebitda ratio decreased from 9.28x to 0.73x.
In December 2016 Mr. Alexander left the Advisory Board by the announcement of the conclusion of the capital structure transformation process due to the goals successfully accomplished.
In 2017 Acf advised Zamboni Shareholders on the development of the “group financing arm” through a proprietary receivables fund (FIDC). Acf coordinated the project, including the selection of the financial partner - Valora asset management (www.valorainvest.com.br).
