01 — The Engagement
What actually happens.
A sell-side mandate is the fullest version of the process. Buy-side, financing, and valuation engagements use the same machinery, scoped down.
01
Scope
Perimeter drawn, diligence index built
02
Information
Requested in closed batches
03
Data Room
Indexed, mirrored, reconciled
04
Analysis
Normalized, consolidated, tied
05
Working Group
One coordination point
06
Materials
Teaser, memorandum, buyer pack
Week One
Scope, perimeter, and the question
The engagement opens on the question that has to be answered precisely: what it is worth, how it is financed, or how it is sold. The transaction perimeter is drawn, the entity structure mapped, and the diligence index built as a numbered register that every later document ties back to.
01
Information
Requests in batches, never in a stream
Information is requested in agreed batches, each with a single owner and a closing date, rather than as a running list that never ends. Client-side time is the scarcest resource in any process, and nothing is ever asked for twice.
02
Data Room
A room built to be audited
Raw delivery is preserved untouched as proof of what arrived and when. The working room is built by copy into indexed categories under a fixed naming convention, mirrored one to one with the platform buyers see, and reconciled on a published tracker so completion is a number, not an opinion.
03
Analysis
The model, tied to the source
Financials are normalized to a consistent basis, entities consolidated with intercompany eliminated line by line, and every adjustment walked separately and marked supportable today or pending a document. Each figure ties back to the statement it came from, and the model is verified in both directions before it leaves the desk.
04
Working Group
One coordination point
Quality of earnings providers, counsel, accountants, and the banker each need different things from the same client. Those requests are consolidated through a single point so the client answers once, and the working group runs on a fixed weekly cadence with email as the record.
05
Materials
Teaser, memorandum, and the buyer pack
Marketing materials are written off the same verified numbers that sit in the model, so the story and the arithmetic never diverge under questioning. Client-facing documents carry the sponsoring bank's identity, not ours, when the mandate is theirs.
06
The arithmetic first. The narrative after.
02 — The Standard
What you can hold us to.
The firm is led by a mathematician who spent two decades in capital, which shows up as a habit: the arithmetic is settled before the narrative is written. Conclusions that depend on the story holding do not survive diligence. Conclusions that fall out of the numbers do. In practice that becomes four commitments a client can check.
Every number ties
Each figure traces to the statement it came from, and the model is verified in both directions before it leaves the desk. If a number cannot be sourced, it does not appear.
Adjustments are itemized, never bundled
Every add-back is listed separately and marked supportable today or pending a specific document. A counterparty can accept or reject each one without unpicking the whole.
Nothing arrives half finished
Materials are delivered ready for the counterparty, not ready for another round of your edits. Open items are stated as open rather than buried in an assumption.
One name on the outcome
Scope, judgment, and final review sit with the Principal from first analysis through closing. Nothing reaches a client that has not passed that desk.
03 — Working Together
The practical terms.
Confidentiality
Every engagement begins under a mutual non-disclosure agreement. Client information stays inside controlled, access-restricted systems, and where a process is regulated, email remains the system of record so the file is complete.
Scope and fees
Engagements run on a monthly retainer or a fixed project fee, matched to the mandate. Scope is written before work begins, and the fee structure is agreed in the same document.
Under your brand
Where the mandate belongs to a bank or advisor, the work is delivered unbranded and integrates into their process, their materials, and their client relationship.
Turnaround
Analytical depth and turnaround are engineered, not staffed. Quantitative and AI-assisted tooling delivers the scenario coverage a transaction demands, inside the window it actually allows.
Ready for the counterparty. Not for another round of edits.
