Case 04 | Private Equity | Consolidated Reporting

Multi-Entity
Data Pipeline &
Consolidation

Structure
5 Portfolio Entities
Currencies
GBP / EUR / USD / SGD / AED
Interco Eliminations
$3240000
Consolidated Revenue
$88550000
Group EBITDA Margin
23.3%
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Five ERPs. No Common Language.

A PE-backed group of five portfolio companies — spanning UK, Germany, US, Singapore, and UAE — operated on different ERP versions with incompatible chart-of-accounts structures and no FX translation methodology. Finance teams spent multi-day cycles manually collating Excel exports, applying ad hoc FX rates, and attempting intercompany eliminations — only to produce a consolidated P&L that the investment team didn't trust. The intervention was a centralised ETL pipeline: a data lake fed by each entity's ERP, with standardised mapping tables, automated FX translation, and elimination logic. The output: a single consolidated view refreshed in near real-time.

Entity A — UK OpCo
23.9%
EBITDA margin · GBP
Entity B — DE ManufCo
19.9%
EBITDA margin · EUR
Entity C — US SalesCo
22.4%
EBITDA margin · USD
Entity D — SG HoldCo
28.6%
EBITDA margin · SGD
Entity E — AE DistribCo
20.5%
EBITDA margin · AED

Before the pipeline, a board pack took four analysts three days to produce. After, the same pack was generated from a single query in under two minutes. The investment team gained live visibility into portfolio performance for the first time.

Adapted from: PE-Backed Portfolio Consolidation, Riveron FP&A Guide 2024

EBITDA Waterfall — Entity Contribution to Group ($USD)

Revenue vs. EBITDA by Entity ($USD)

Entity Ccy FX Rate Revenue ($USD) COGS ($USD) OPEX ($USD) EBITDA ($USD) Margin
Entity A — UK OpCo GBP 1.27 $23368000 $12446000 $5334000 $5588000 23.9%
Entity B — DE ManufCo EUR 1.08 $26028000 $15336000 $5508000 $5184000 19.9%
Entity C — US SalesCo USD 1.0 $31200000 $16400000 $7800000 $7000000 22.4%
Entity D — SG HoldCo SGD 0.74 $7252000 $3034000 $2146000 $2072000 28.6%
Entity E — AE DistribCo AED 0.27 $3942000 $2214000 $918000 $810000 20.5%
Intercompany Eliminations -$3240000
CONSOLIDATED GROUP $88550000 $20654000 23.3%