Operator memos
Value creation, diligence and go-to-market
Essays and playbooks on value creation, diligence, revenue systems and the operating work behind a hold.
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Value creation blueprints tie Q1 platform releases to EBITDA baselines
Picture a portfolio company that closes with $42M in revenue, 18% EBITDA and a four-year-old Salesforce instance nobody has touched since it was set up. The…
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Why carve-out consulting requires embedded capacity during transition windows
Carve-outs fail in the window between the separation blueprint and its execution, so carve-out consulting needs people who stay to do the work: migrate systems and…
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Portfolio digital partners embed engineering capacity in operating plans
“`html Portfolio digital partners embed engineering capacity in operating plans A mid-market PE firm closed a $180 million acquisition of a SaaS company with strong recurring…
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Continuous Technology Due Diligence
You already know the engineering stack will not be perfect. Every asset you look at has technical debt, an over-tenured lead who owns too much undocumented…
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Portfolio Cyber Assessment in Private Equity
You are three weeks from close on a lower-middle-market SaaS platform, and the cyber section of the data room is thin: a two-year-old penetration test with…
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Security Due Diligence for M&A
You are three weeks from confirmatory diligence on a software or software-enabled target, and the security workstream just landed on your desk as a 40-page report…
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Security Due Diligence for Private Equity
You are three weeks from close on a software or software-adjacent target, and a security question is sitting on your risk register with no owner and…
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What Software Code Review for M&A Tells a Deal Partner
You have signed the LOI. Confirmatory diligence is running, close is six weeks out, and the seller has just granted your technical team read-only access to…