The engine behind the thesis,
read before you sign.

Commercial diligence tests the market and financial diligence tests the numbers. This reads the three models that have to deliver the plan, business, operating and technology, and prices what each one needs.

Before the deal · about two weeks · the day-one plan included

01 · Why it matters

The plan assumes an engine nobody has tested.

The term it movesAll three: revenue, margin and the multiple, against the thesis
The business it worksBoth, read for what each needs after close
The models it readsBusiness, operating and technology · eight domains
Where it lives in MakersOSThe diligence app; the fix list loads as the Room’s 100-day plan

Every thesis is a claim about the three terms of value: revenue grows, margin lifts, the multiple holds or re-rates. Each claim rests on a model inside the company. The business model earns the revenue, the operating model keeps the margin, and the technology model decides whether a buyer prices the company as a service or as software. Those three get a short look before close, and the first board meeting after it finds out what they are like. The Diligence Read covers that part, beside the other advisers and in place of none of them. Every fix it finds is priced under one model, so the work after close can be priced into the deal.

02 · What you hold

At the end, in your hands.

  1. A rating for each of eight domains across the three models, with the evidence behind it and how it is known.
  2. The gaps between the thesis and the business, each named in one sentence and placed on the term of value it threatens.
  3. A costed fix list: each fix in euros, capital and months, with the seat that will own it after close.
  4. Today’s business and the new one, separated: which fixes protect today’s margin, and which build the line the multiple will be priced on.
  5. The first draft of the 100-day plan, loaded into the company’s own Room on the day of close.
03 · The clock

A fixed clock, a named day for the findings.

The clockAbout two weeks, on the deal’s own clock
The outcomeFindings to the deal team, with the report and the fix list
Week by weekIn the proposal, with the names and the dates
04 · Who reads it, and what follows

Partners do the work, and answer for it.

Business and operating · Cristian Paun
Technology, security and the file · John Lazar, Ted Tanase
Ratings and the day-one plan · Cristian Paun
The lead partner
Cristian Paun

Leads every interview and signs every rating. He has run buy-side diligence and value creation plans from inside global private equity, and he knows what a business looks like after close because he has rebuilt them.

The seats
John Lazar
Ted Tanase

John Lazar reads the technology model: product, data, architecture and AI. Ted Tanase reads cybersecurity and resilience, and the regulatory file where the target is supervised.

Where it leads

On the day of close the fix list becomes the plan in the company’s MakersOS Room, ranked by euros earned per month of work, with an owner and a date on every move. The first quarterly close re-reads the scores on real results and measures it.

Meet the partners →

05 · What buyers ask first

Four answers, before you ask.

How fast

Scoped in one call; findings in about two weeks, on the deal’s own clock.

What we need

The data room, management interviews, and read-only access to live systems where it is granted.

How it differs from commercial diligence

Commercial diligence validates the market. This tests whether the three models can deliver the growth being paid for, and prices what each one needs.

What happens after close

The fix list becomes the 100-day plan on day one, inside the company’s own Room.

Know what the business needs before you pay for it.

Start a conversation → See every product →

A fixed fee for every read · the Programme and the Room can also run on a lower fee plus a capped share of the value your team signs as realised · agreed in writing before work starts