Due diligence research on a target, before the data room.

An independent read on a company built from evidence the seller does not control, with every finding traceable to its source.

Read the target before the process starts

By the time a data room opens, the seller controls the narrative. An outside-in read is built from what the company cannot stage: its filings, its risk language year over year, its hiring, its public web surface, its search and channel position, and how all of that compares with real peers.

The output is a written dossier on one target, delivered as a document you can circulate, with confidence scores and the evidence behind each finding.

What a diligence dossier contains

• The central question the deal actually turns on.
• A forensic reading of disclosure, including risk statements removed between filings.
• Distress and friction signals, scored and dated, with the trajectory across reads.
• Peer cohort placement, so a weak number is judged against comparable companies.
• Blind spots: what the public record cannot tell you, stated rather than glossed over.

Where it fits in a process

Screening, before you commit a team. Confirmatory work alongside a banker process, as an independent read. Portfolio monitoring after close, where the same reading is refreshed and you are told what changed. For screening at volume, see red flags in target screening and portfolio monitoring.

Limits, stated up front

This is public-signal research, not an audit and not an investment recommendation. Distress signals are leading indicators, not outcomes. Where the evidence is thin, the dossier says so instead of filling the gap with language.

Engagement and price

One target can be a one-off Board Pack. A target you need to keep current goes on an annual term. Larger universes are scoped to the work. See pricing.