Raise or sell on your terms.
We run the whole process: the materials, the target list, the approach, the negotiation and the close. You keep running the company.
No retainer. No obligation to sell. A success fee only.
You only pay if you accept an offer
Most advisers take a retainer whether the deal happens or not. We take the risk instead.
The fee is agreed with you in writing before any work begins.
No retainer, no monthly fee, no work fee
We run the full process at our own cost of time. Preparation, materials, the valuation view, the target list, the approach, the negotiation. None of it is billed to you along the way.
No obligation to sell
If you do not like the offers, you do not take them. You keep the company, you keep the valuation view and the materials, and you owe us nothing. Finding out what the market will pay is a legitimate reason to run a process.
We are paid only when you accept an offer
A success fee at closing, agreed in writing before we start, so there are no surprises at the end. No deal, no fee. Our incentive and yours point the same way from the first day.
Built for founders, searchers and owners
Three very different situations. The same method, adapted to each.
Raise the round with funds that actually fund your stage
From Pre-seed through Series B. We run the raise so you can keep running the company, and we take it to the funds and angels who write cheques at your stage, in your category, in the regions you care about.
Typical situations
- A first institutional round after building with founder capital or an angel cheque
- A priced round after a convertible note or SAFE
- A bridge to reach the metrics the next round will be judged on
- A round where the lead has to bring more than money: a market, a customer base, a licence
- An inbound term sheet that needs a real process around it before you sign
Investors we bring
- Venture funds matched to your stage, cheque size and thesis
- Family offices and multi family offices that take direct venture positions
- Corporate and strategic investors in your category
- Angels and syndicates with operating history in your market
- Venture debt and revenue based lenders where dilution is the concern
What you get
- Positioning and materials built to survive a partner meeting
- A target list of funds and investors, each one there for a reason
- Parallel conversations so no single fund controls your timeline
- Term sheet comparison on the terms that matter beyond valuation
- A closed round, with a cap table you can still raise on
Capital for the search, and for the acquisition
Traditional search funds, independent sponsors, self funded searchers and every model in between. We know which investors back each one, what they expect to see, and how the terms differ between them.
Typical situations
- Raising search capital to fund the search period
- Raising acquisition equity once a target is under LOI
- Assembling an investor base for a first time searcher with no track record
- An independent sponsor raising deal by deal without a committed fund
- A self funded searcher who needs equity alongside seller financing or an SBA style loan
- A second search after a first one did not reach a close
Investors we bring
- Dedicated search fund investors who have backed searchers before
- Family offices that take control positions in small companies
- Independent sponsor backers and deal by deal equity providers
- Operator investors who bring sector experience to the board
- Lenders who understand acquisition finance for companies of this size
What you get
- An investor base sized correctly for the search you are actually running
- Materials that answer what search investors ask before they ask it
- Terms benchmarked against how these deals are normally structured
- Introductions to the investors who fund your specific model
- Capital in place while the target is still available
Sell the company, sell part of it, or fund the next phase
Companies with $0 to $25M in revenue. Whether you want out, want a partner, or want capital to grow, we run the process and bring the buyers and investors who are active at your size.
Typical situations
- An owner ready to exit, fully or in stages
- A founder who wants liquidity now and a second event later through a rollover
- A company that needs capital to grow but does not want to hand over control
- Shareholders who want different things, where a partial sale resolves it
- An unsolicited approach from a buyer, with no process behind it to test the price
- A succession problem with no family member ready to take over
Investors we bring
- Strategic buyers already operating in your market or looking to enter it
- Private equity funds and lower mid market sponsors
- Family offices holding companies directly and for the long term
- Search funds and independent sponsors looking for exactly this size
- Lenders, where debt covers part of the structure
What you get
- A valuation view grounded in what buyers are actually paying
- A confidential process that protects you with staff, customers and competitors
- Several parties at the table at once, so the price gets tested
- Structure negotiated alongside price: earnouts, rollover, escrow, timing
- A deal you chose, or no deal at all, at no cost to you
87%
Of our processes produced an offer
And 71% produced more than one at the same time, which is what gives an owner something to choose between.
Averages across processes we have run, describing what has happened before. Your own result will depend on the company, the market and the timing.
We work across all of them
Here is where we work most often, and what changes from one sector to the next. Open any of them.
We have taken companies to market in sectors that appear on no list. If yours is missing here, write to us and we will tell you plainly whether we can help.
Equity rounds from Pre-seed to Series B, majority sales to sponsors and strategics, and minority stakes where a founder wants liquidity without giving up the company. We build the metric story (retention, expansion, payback, mix of new and existing revenue) that decides the price.
Most active buyers and investors
- Software focused venture funds by stage and vertical
- Growth equity and lower mid market buyout funds
- Strategic acquirers consolidating a category
- Family offices taking long hold positions in recurring revenue
- Venture debt and recurring revenue lenders
Buyers price software on the quality of its revenue. We surface the cohort and retention detail early, because the companies that hide it get discounted for it.
Raises for lending, payments, infrastructure and wealth businesses, plus sales to banks, processors and larger platforms. We handle the parts that slow these deals down: licensing, regulatory posture, unit economics per transaction, and the split between balance sheet and fee revenue.
Most active buyers and investors
- Fintech specialist venture and growth funds
- Banks, processors and incumbent platforms as strategic buyers
- Private equity funds with financial services teams
- Credit funds and warehouse lenders for balance sheet businesses
- Sovereign linked and regional investors in emerging markets
We separate the technology story from the credit story, because they are valued by different buyers on different multiples, and conflating them costs money.
Capital for services, devices, diagnostics, digital health and platform businesses, and sales to strategics, sponsors and hospital groups. We work with the evidence, the reimbursement path and the regulatory position as part of the story from the first page.
Most active buyers and investors
- Healthcare dedicated venture and growth funds
- Strategic acquirers: device makers, pharma services, hospital groups
- Private equity funds with healthcare practices
- Family offices with long horizons and clinical operating experience
- Specialist lenders familiar with reimbursement cycles
Reimbursement and regulatory risk are what buyers actually diligence. We put both in front of them on day one, with the evidence attached.
Growth capital, minority stakes and full sales for brands and retailers. We build the case around repeat purchase, contribution margin after all acquisition cost, and the channel mix, because that is what separates a brand with a multiple from one without.
Most active buyers and investors
- Consumer focused growth funds and brand aggregators
- Strategic acquirers in the same category or an adjacent one
- Private equity funds with consumer teams
- Family offices and UHNI investors who back brands directly
- Inventory and receivables lenders
Consumer buyers discount revenue that only exists while paid acquisition is running. We show the part that does not, and we show it before they ask.
Raises and sales for brands, producers and distribution businesses. We cover production capacity, distribution agreements, margin by channel and the concentration in your top accounts, which is usually the first question a buyer asks.
Most active buyers and investors
- Strategic acquirers: larger food and drink groups building a portfolio
- Consumer and food specialist private equity funds
- Family offices with agricultural and food operating roots
- Distributors moving upstream into brands
- Asset backed lenders financing inventory and equipment
Distribution is the asset, and its terms decide the price. We handle the concentration question early, while it is still ours to frame.
Majority sales, minority stakes and growth capital for manufacturers, component suppliers and industrial service businesses. We work through asset base, capacity, customer concentration and the working capital cycle, and we present the real normalized earnings.
Most active buyers and investors
- Strategic buyers consolidating a supply chain or adding capacity
- Lower mid market private equity funds and industrial holding companies
- Family offices and industrial groups holding for decades
- Search funds and independent sponsors, very active at this size
- Asset backed lenders and equipment financiers
These businesses are usually worth more than their accounts suggest, because the accounts were built to manage tax. We normalize them properly and evidence every adjustment.
Sales and capital raises for staffing, consulting, facilities, outsourcing and managed service businesses. The work is proving that the business runs without its founder, and that its contracts renew.
Most active buyers and investors
- Private equity funds running buy and build platforms
- Strategic acquirers adding capability or geography
- Search funds and independent sponsors
- Family offices with a preference for cash generative businesses
- Cash flow lenders
Founder dependence is the single biggest discount in this sector. We address it in the materials and in the deal structure, before a buyer has to raise it.
Capital for generation, storage, efficiency, grid technology and climate software, and sales to strategics, infrastructure funds and utilities. We separate project economics from company economics, since they attract different capital at different costs.
Most active buyers and investors
- Climate and energy transition venture and growth funds
- Infrastructure funds and yieldcos for contracted assets
- Utilities and energy majors as strategic buyers
- Sovereign linked investors and development finance institutions
- Project finance lenders and green debt providers
Most processes here fail by taking a project to an equity investor or a platform to an infrastructure fund. We route each part of the business to the capital that prices it correctly.
Equity for operating platforms and technology businesses, plus sales of management companies and portfolios. We keep the distinction between the asset and the operating company explicit, because buyers pay very different multiples for each.
Most active buyers and investors
- Real estate private equity and opportunistic funds
- PropTech venture funds for the technology layer
- Family offices with property as their original wealth
- Strategic buyers: larger operators and managers
- Mortgage, bridge and mezzanine lenders
Recurring management fees are valued as a business. Asset gains are valued as an asset. We present them separately so neither drags the other down.
Raises and sales for studios, rights holders, clubs, platforms and creator businesses. We value the catalogue, the rights and the audience as distinct assets, and we find the buyers who want each of them.
Most active buyers and investors
- Media and entertainment specialist funds
- Sports investment funds and multi club ownership groups
- Strategic buyers: broadcasters, platforms, studios and leagues
- UHNI and family offices, unusually active in this sector
- Structured credit against contracted rights income
Buyers here are as often individuals as institutions. We run both in the same process, which widens the field considerably in a sector where a single motivated buyer can move the price.
Capital and exits for schools, training providers, platforms and certification businesses. We work with enrolment, completion, lifetime value and the regulatory position in every market you operate in.
Most active buyers and investors
- Education focused venture and growth funds
- Strategic buyers: larger groups and publishers
- Private equity funds with education platforms
- Family offices and foundations with a mandate in the sector
- Lenders comfortable with subscription and tuition receivables
Enrolment growth without completion data reads as churn to an experienced buyer. We lead with the outcome numbers when they are strong, and we fix the story when they are not.
Sales and capital raises for freight, last mile, warehousing, fleet and logistics technology. We cover contract terms, customer concentration, network density and asset intensity, and we treat asset heavy and asset light models as the different businesses they are.
Most active buyers and investors
- Strategic acquirers building density or entering a corridor
- Infrastructure and private equity funds for asset heavy operations
- Venture and growth funds for the technology layer
- Search funds and independent sponsors for regional operators
- Equipment and fleet financiers
Density is the moat, and it is local. We show buyers exactly where you are hard to replace, which is usually a smaller area than the pitch claims and worth far more.
Capital for producers, processors, inputs and agricultural technology, plus sales to strategics and funds. We work with land, yield, offtake agreements and commodity exposure, and with the technology story where there is one.
Most active buyers and investors
- AgTech venture funds and food system investors
- Agricultural private equity and farmland funds
- Strategic buyers: input suppliers, processors and trading houses
- Family offices with agricultural holdings
- Development finance institutions in emerging markets
- Commodity and seasonal lenders
Offtake agreements are the difference between a commodity margin and a contracted one. We put them at the centre of the story and price the business accordingly.
Raises and sales for hotels, operators, platforms and travel businesses. We separate property from management, cover occupancy, rate and seasonality honestly, and account for the concentration in your booking channels.
Most active buyers and investors
- Hospitality private equity and real estate funds
- Strategic buyers: hotel groups, operators and travel platforms
- Family offices and UHNI investors, long established in this sector
- Travel technology venture funds
- Property and operating lenders
Channel concentration is the hidden risk buyers price for. We show what share of your bookings you actually own, and what it would cost to replace the rest.
This list covers where we work most often. It is not a limit. We have taken companies to market in sectors that appear on no list, and the method does not change: understand the business, find the people who buy businesses like it, and run a real process. If your industry is not above, write to us and we will tell you plainly whether we can help.
Most active buyers and investors
- The investor and buyer types active in your specific sector
- Strategic buyers already operating in your market
- Generalist funds with a mandate broad enough to include you
- Family offices, which are rarely limited by sector
- Lenders appropriate to your asset base and cash flow
We are geography agnostic and sector agnostic. What we need is a business a buyer would want.
Your company anywhere. Buyers and investors from anywhere.
Most advisers work one market. We do not. A company in Mexico can be sold to a buyer in Germany, and a founder in Spain can raise from a family office in Singapore. In many processes the best offer comes from outside the home market, which is exactly why we go looking there.
Cross border is our normal case.
Every industry, at every stage, from Pre-seed to an established company.
Family offices, VCs, private equity, search funds, strategics and lenders.
64,000+Investors in the database
150+Countries covered
Majority sale or minority stake
They are different decisions with different outcomes. This is the comparison owners actually need before choosing.
Strategic buyers or financial sponsors
We adapt to what you want: a strategic, a sponsor, or both at the same table. Here is what each one actually means for you afterwards.
Strategic buyers
Companies that operate in your market or want to enter it. They buy for what your business does for theirs.
What works for you
- Synergies can support a higher valuation than the numbers alone justify
- Access to their market, their customers and their distribution
- Operational support: systems, supply chain, hiring, capital equipment
- A credible home for your team and your product over the long term
- Often less reliant on debt, which can mean a cleaner structure
What to weigh up
- Integration changes how the company runs, sometimes quickly
- Loss of autonomy over decisions you used to make alone
- You share commercially sensitive information with a potential competitor
- Your brand may be absorbed into theirs
- Approval can pass through committees and, in some deals, regulators
Financial sponsors
Private equity funds, family offices and similar investors. They buy for the return the business itself will produce.
What works for you
- The company keeps operating independently, usually with the same management
- Capital available for growth, acquisitions and hiring
- Terms can be structured: rollover, earnout, staged payments, preferred instruments
- A possible second liquidity event when the sponsor exits, if you rolled equity
- Experience professionalising companies at exactly your size
What to weigh up
- They have return targets, and those targets shape decisions
- Debt is often used to fund the purchase, which puts debt service ahead of other priorities
- They will exit on a timeline they set, usually within a set number of years
- Reporting and governance become more formal than you are used to
- Value creation plans can mean real change in how the business is run
Run both at once, and let them compete
A strategic buyer and a financial sponsor value the same company differently. So do a family office, a search fund and a lender. Running them in sequence means finding that out slowly, one no at a time. We run them together.
- Family offices
- Venture capital
- Private equity
- Search fund investors
- Strategic buyers
- Lenders
All approached at the same time.
Competitive tension
A party who knows others are at the table bids differently. It is the single biggest lever on price in any process.
Real price discovery
You find out what several kinds of buyer will pay before you choose between them.
Stronger terms
Price is one term among many. Competition improves the escrow, the earnout, the warranties and the timing.
More certainty of closing
Deals fall apart. A process with other live parties carries on from where it was.
A real fallback
If the best offer disappoints, you still have the rest of the table, and you still have the right to walk away.
From first call to closing
Six phases. Open any of them to see what happens, what we need from you and what you get back.
Preparation
Weeks 1 to 4Everything a buyer or investor will ask for, ready before the first conversation.
What happens
- We work out what the company is worth to different kinds of buyer, and why
- We settle the positioning: what this business is, who it is for, why now
- We build the target list and rank it by how likely each name is to act
- We agree what stays confidential and how the approach will be worded
What you provide
- Financial statements for the last three years, and the current year to date
- Customer, revenue and cost detail good enough to stand up in diligence
- Context on the business that is not in the numbers
- Any names you do not want approached, for any reason
What we deliver
- A blind teaser that describes the company without identifying it
- A deck or an information memorandum, depending on the process
- A financial model with the assumptions written down and defensible
- A valuation view with the reasoning behind it
- The target investor and buyer list, each name there for a stated reason
Treat these as typical shapes. Startup rounds usually move faster. Every process runs to its own timeline, set by the company, the market and the parties at the table.
Competition is the point
A process run properly does not produce one offer to take or leave. It produces several, at the same time, which is what moves the price.
40+
Countries where we have contacted investors and buyers on behalf of a client.
Figures are averages across processes we have run, describing what has happened before. Your own result will depend on the company, the market and the timing. Some processes end without an offer, and in those the client owes us nothing.
87% received at least one offer
Share of processes that produced a real offer to consider.
71% received multiple competing offers
Share of processes where more than one party was at the table at the same time.
Questions people ask before they start
If yours is not here, write to us. We answer every email.
No. We do not charge a retainer, a monthly fee, a preparation fee or a work fee. We run the entire process at our own cost of time, and we are paid only if you accept an offer.
Then you do not sell, and you owe us nothing. You are under no obligation to accept anything. Running a process is how you find out what your company is worth to the market, and deciding the answer is not good enough is a legitimate outcome. You keep the valuation view, the materials and the knowledge of who was interested.
A success fee, paid at closing, and only at closing. It is agreed in writing before we start, so you know exactly what it is from the beginning. If no deal closes, there is no fee.
Any of them. We are geography agnostic. We help companies in any country raise capital from, or sell to, investors and buyers in any other country. In many processes the best offer comes from outside the company home market, which is exactly why we look there.
The first approach to any party is a blind teaser: it describes the business without naming it, in enough detail for a serious party to decide whether to look further. Your name is released only after an NDA is signed. You approve the target list before anyone is contacted, and you can strike out any name, including competitors, customers and anyone else you would rather we left alone.
All of them. We list the sectors we work in most often on this page, but the list is not a limit. The method does not change with the industry: understand the business, find the people who buy businesses like it, and run a real process. If you are unsure whether we can help, write to us and we will tell you plainly.
That depends on what you want after the deal, and the honest answer is that most owners do not know until they see real offers from both. A strategic buyer may pay more because your business is worth more inside theirs. A sponsor usually leaves the company independent and can offer you a second event later. We bring both to the table and you decide with the actual numbers in front of you.
Yes, and we usually do. Strategics, financial sponsors, family offices, search fund investors and lenders can all be approached at the same time. It creates competitive tension, it produces better price discovery, and it means one party walking away does not end the process.
It varies with the company, the market and the parties involved. The timeline on this page shows a typical shape for a sale process. Startup rounds usually move faster. We would rather tell you what the phases are than give you a date we cannot control.
Startups from Pre-seed to Series B, search funds of every model, and established companies with $0 to $25M in revenue. If you sit outside that range, write to us anyway and we will tell you.
Find out what your company is worth to the market
One email starts it. If the offers are not good enough, you walk away and owe us nothing.
No retainer. No obligation to sell. A success fee only, agreed in writing before we start.