For Capital Allocators

Multiple expansion, engineered from inside the deal.

For private equity, hedge funds, asset and wealth managers, fund administrators, servicers and family offices. Digital and AI transformation is now the primary driver of multiple expansion, and we run it from inside the deal, accountable for the result.

The same operating system applies to your own operations: middle and back office, fund administration and reporting, ManCo and depositary workflows, re-architected for cost, automation and DORA-grade resilience, for the CFO, COO and CIO who run it.

Install MakersOS →See the numbers

The number comes from a model published in full, not a black box. AI-native in how we work: the research and the plan that took a team weeks, one operator delivers in days. Then judgment prices the decision.


Your value proposition

What you are really trying to do.

A value-creation plan is a promise to your LPs. Here it is, framed the way you would pressure-test it: the job, the friction, and the win.

The job to be done

Make the asset worth more.

Buy well, transform the company through the hold, and exit at a higher multiple than you paid, on your fund’s clock.

Where it breaks today

Plans that stall in execution.

Digital and AI now drive the re-rate, yet the plan that reads well on the IC deck stalls, because no one in the room has held the transformation mandate. In Luxembourg, substance and governance rules block remote vendors.

The win you are after

A re-rate you can underwrite.

Multiple expansion you can put in the model, a de-risked hold, and an exit story a buyer pays a premium for, evidenced, not asserted.

The fit: an operator who has run value creation from inside Blackstone, Hg and Montagu, accountable from diligence to exit, on the ground in Luxembourg. That is what MakersOS installs, and what the rest of this page shows.


Why it matters to you

A plan is only as good as the operator who lands it.

An operator who has run buy-side diligence and value-creation plans from inside global private equity, including Blackstone, Hg Capital & Montagu, written to be executed, and executed.

Most plans look right on the IC deck and stall in execution, because no one in the room has actually held the transformation mandate. Cristian has.

In Luxembourg there is a second wall: strict local-substance and procurement rules, and institutional governance expectations few remote vendors can meet. You need a single accountable partner on the ground.


How we create value across the lifecycle

Diligence to exit. One continuous thread.

One read per phase, each from the same system: Confidence to Invest before you sign, Time to Transform through the hold, Value Realization at the exit. The hold is where the engines run, and they run in order: the first pays for the second.

01

Digital due diligence

Before you sign · Confidence-to-Invest index

Three maturities on the target: digital, cyber and cultural. The tech debt you inherit, the exposure the data room does not show, and whether the team can run the plan you are underwriting.

02

The value plan

The first 100 days · Time-to-Transform index

The thesis turned into an operating model and an AI roadmap. A verified baseline, an operating cadence, owners, and a euro on every play.

03

Engine 1 · Optimise

Years one to two · runs the present

Margin, cost to serve and automation. This is the J-curve dip: the charge on near-term EBITDA that buys the underlying quality, and the cash that funds Engine 2.

04

Engine 2 · Transform

Years two to four · builds the future

Productise, own the IP, make the revenue recurring. Engine 1 moved the margin. This re-rates the multiple, the term most owners never work.

05

Buy and build

Across the hold · one operating model

Every add-on lands on the model Engine 1 built, integrated inside the first 100 days of its own deal. Integration is where roll-ups fail.

06

Exit-ready, or standalone-ready

At the exit · Value-Realization index

The equity story, evidenced. Vendor diligence a buyer cannot unpick, and a business worth more whether you sell it, carve it out or let it stand alone.

How the bridge reads · illustrative

Entry
10×
the multiple you pay, on entry EBITDA
Engine 1 · margin
+35%
EBITDA lifted: cost-out, automation
Engine 2 · multiple
10× → 14×
re-rated as recurring revenue passes half
At exit
~1.9×
enterprise value, on the same equity

Illustrative arithmetic, not a promised result: a 10× asset whose EBITDA lifts a third and whose multiple re-rates to 14× on recurring-revenue quality is worth roughly 1.9× its entry value. Same company, two engines, worked in order.

Sources: McKinsey, Bridging private equity’s value creation gap, April 2024. GPs that create value through asset operations earn two to three percentage points more IRR than peers, on an analysis of over 100 funds with vintages after 2020; and roughly two-thirds of the total return on buyout deals entered from 2010 and exited by 2021 came from market multiple expansion and leverage. Third-party research, cited as published. Illustrative, and not a promised result for your assets.


The value you get

Portfolio multiple, expanded through transformation
Enterprise value engineered, in 24 to 36 months
Operational efficiency, AI-driven

Figures from mandates Cristian led as an operator inside PE-owned and listed companies. Makers of New installs that method as a firm; your outcome depends on where you start, and we measure the start before we quote the outcome.

Read the value-creation stories →

Or install MakersOS → fourteen questions and a scored read across your business, operating and technology models.

We help you back and build defensible, scalable, sovereign-AI platforms, like RMT Labs, the Luxembourg talent-intelligence company whose model was trained on the MeluXina supercomputer.


Same market. Two operating systems.

What the operating model is worth.

Itaú Unibanco and Nubank both bank Brazil. One was built as a bank, on roughly 93,600 people and a branch network. The other was built as a platform: about 8,000 people serving 135 million customers, growing 71% in three years.

Itaú Unibanco
Traditional bank
Operating~93,600 people, branch-led
ReachTens of millions
TechnologyModernising off legacy
Value per employee
~$1.0M
Nubank
Digital platform
Operating~8,000 people, app-native
Reach135 million
TechnologyCloud-native, AI-led
Value per employee
~$8.2M
the value created per person

Same industry. The gap is the operating system underneath. That is what Value = Revenue × Margin × Multiple measures, and what MakersOS moves.

Public figures, illustrative. Market capitalisations, headcount and customer counts, 2025 to 2026.


One accountable partner

One partner. Accountable for the value created.

One partner, on the ground and inside the deal, answerable for the one number that decides the exit: what the company is worth. We work every lever of that number, the revenue it earns, the margin it keeps and the multiple the market pays, and compound them into the return you underwrite.

Value = Revenue × Margin × Multiple → MOIC
Revenue
New recurring, productised lines the market pays a premium for
Margin
EBITDA lifted: cost-out, automation, efficiency
Multiple
Re-rated: owned IP, recurring revenue, institution-grade
MOIC
The three compounded, to a higher return at exit

For deal teams · before the IC

The Pre-Deal Read. Know the asset before you sign.

Before the IC

The fourteen scored with management. Deep scans by the right officers. Ten business days.

What returns

Red flags. The euroized gap map. The Confidence-to-Invest index. A number your IC can interrogate.

The terms

€49k fixed · ten days · €10k credited to Install if the deal closes.

Inside the Read · the Confidence-to-Invest index

60%Digital & data

Twelve anchored questions with the CTO: software share of the offer, one source of truth, data governance, architecture, AI in core workflows, front-to-back digitisation, delivery velocity.

30%Culture

Twelve with the leadership: funded experimentation, evidence over seniority, psychological safety, incentives for value, decision speed, change capacity, the people who must execute the plan.

10%Cyber

Twelve on the recognised spine, identify, protect, detect, respond, recover, plus DORA/GDPR evidence-grade files, third-party risk, tested recovery. Designed in first, never bolted on.

Each answer refines one of the fourteen live: maturity moves the price, not the appendix.

Book the Read →

Engineered value compounds. Waiting doesn’t.

Install MakersOS →

30 minutes with Cristian. You leave seeing your two engines the way capital prices them, and the value waiting between them.

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