Insights
Financial due diligence, written for the people whofinance deals.
Practitioner guidance on the analysis that actually moves a deal — quality of earnings, the equity bridge, underwriting the downside, and where AI does and does not belong in diligence.
Defensible AI in Financial Due Diligence: Speed Without Losing the Audit Trail
How AI is reshaping the data layer of financial due diligence while judgment and accountability stay human — and what defensible AI diligence requires.
Underwriting the Downside: Financial Due Diligence for Private Lenders
How financial due diligence differs for private credit and private lenders — underwriting the downside through cash conversion, DSCR, covenants, and collateral.
Quality of Earnings: What It Really Tells Lenders and Investors
A practitioner's guide to quality of earnings: how a QofE normalizes EBITDA, why add-backs are contested, and how lenders and PE buyers read the same report inversely.
Reading the Hockey Stick: How to Diligence a Management Forecast
How lenders and investors diligence a management forecast: testing the drivers behind a three-statement financial model, not just the bottom line.
The Equity Bridge: How Working Capital and Debt-Like Items Quietly Move Deal Value
The headline multiple sets the conversation, but the equity bridge and net working capital peg are where private-deal value actually moves between buyer and seller.