M&A advisory

Every mandate starts from an empty model.

The structure of a transaction analysis rarely changes. The content always does. What limits how many mandates a firm can carry is not expertise but the hours spent rebuilding the same model for each new target.

Capabilities

The analysis a transaction requires.

Valuation

Several methods, one range

Intrinsic and relative approaches run in parallel on the same inputs — discounted cash flow, trading comparables, transaction multiples and the investment banking framework — with the dispersion between them visible rather than averaged into a single figure.

Synergies

Phased, net of integration cost

Cost and revenue streams distributed across the periods in which they materialise, net of the one-off cost of achieving them, with net present value and payback.

Diligence

Tracked by category, findings flagged

Items organised by workstream with completion and flags, so the position of the review is visible without assembling a status report.

In practice

One base, from screening to committee.

Target financials are loaded once. Valuation, synergy case and structure are computed from the same base, so a revised assumption updates every dependent figure instead of requiring a new model.

Each figure traces back to the statement it came from, which matters when the price is examined by a committee, a seller or an investor.

Every mandate starts from an empty model.
Deliverables

Produced in the formats the work requires.

MEMOInvestment memorandum for investors and committees
PITCHM&A pitch deck in native PowerPoint, carrying your firm’s identity
DCFDCF analysis with the assumptions exposed and editable
MODELIntegrated financial model in Excel
See it work

See it on a real case.

In a demonstration we analyse a company, produce the deliverables, and show Ask Cycles working across them.