Latest thinking
Articles & perspectives
M&A Outlook
Where conviction meets capital: the 2026 mid-market deal outlook
Private capital is sitting on record dry powder. We examine where disciplined investors are finding conviction in a selective market.
Data & AI
From data room to decision room: AI in transaction diligence
How AI-enabled analytics are compressing diligence timelines and raising the bar on the questions buyers can answer.
Value Creation
The first 100 days: turning synergy assumptions into realised value
Most deal value is created after completion. A disciplined integration agenda is the difference between thesis and outcome.
Sell-side
Exit readiness: preparing earlier to sell with confidence
The best-prepared vendors control the process. We set out a practical agenda for exit readiness, well before a process begins.
Working Capital
Cash is a strategy: optimising working capital through the hold
Working capital is one of the most reliable — and overlooked — sources of value through the investment period.
Sector — TMT
Reading SaaS quality beyond ARR
ARR alone rarely tells the story. We look at the retention, cohort and unit-economics signals that separate durable software businesses.