The deal operating system for mid-market PE

Every number in the deal, traceable to its source.

M&A OS turns the documents behind a deal — CIMs, QoE reports, management calls — into one citable record your team can screen, price, and take to investment committee. The deal's memory lives in the system, not in the associate who leaves every two years.

Built for UK & European lower-mid-market funds (£200m–£2bn) with in-house deal teams.

Project Meridian — canonical record142 facts · 9 sources

Hover any figure to see the cited source line.

Adjusted EBITDA · FY24Updated

£7.4m (20.0% margin)

sourceCIM · p.42 · Project Meridian

Adjusted EBITDA of £7.4m reflects management add-backs of £1.2m for non-recurring restructuring costs.

↳ superseded by QoE report · p.11

Net debt at completionVerified

£12.1m

sourceManagement accounts · Dec-24 · p.3

Net debt at completion of £12.1m: £14.3m gross borrowings less £2.2m of unrestricted cash.

Customer concentration · top 1Flagged

31% of revenue

sourceQoE report · p.27 · exhibit 4.2

The largest customer represented 31% of FY24 revenue (£11.5m of £37.1m).

The canonical record

A single, citable record of everything known about a target.

Today an associate spends most of their day routing context — chasing advisors, re-entering the same figures, rebuilding comparable-transaction sets. M&A OS replaces that middleware layer with a record that holds.

Ingest the deal room

CIMs, management-call transcripts, quality-of-earnings reports and IC papers go in as they arrive. No re-keying, no rebuilding the same figures in three places.

Trace every fact to source

Each number, claim and assumption links back to the exact document and page it came from. Hover a figure, see the verbatim line it was drawn from.

One record, the whole way through

Screening, NBO and IC all read from the same canonical record. The deal's memory is the system — not the associate who leaves every two years.

The work, not just the data

It runs the deal team's real workflows.

01

Screen against the mandate

Hold a target up to the fund's strategy, sector focus and size band in minutes. M&A OS reads the CIM, scores fit against your criteria, and shows its working against the source.

From inbound teaser to go / no-go, same day.

02

Prepare the NBO

Assemble a non-binding offer from the record — valuation build, comparable transactions, key assumptions — each line cited. Change an input and dependent figures move with it.

A defensible number, with the evidence attached.

03

Assemble the IC pack

The investment-committee paper is 90% boilerplate today. M&A OS drafts it from the canonical record — thesis, risks, diligence findings — leaving the associate to sharpen the judgement, not retype the facts.

IC papers that write the first draft of themselves.

Supersession

When better evidence lands, the number updates itself.

The vendor's adjusted EBITDA in the CIM is a starting point, not the truth. The moment the quality-of-earnings report normalises it, M&A OS supersedes the figure everywhere it appears — the NBO, the model, the IC pack — and keeps the full source trail so you can always see what changed and why.

No stale numbers buried three versions deep in a deck. One record, always current.

Before — vendor figure
Adjusted EBITDA · FY24Updated

£7.4m (20.0% margin)

sourceCIM · p.42 · vendor adjusted

Vendor-adjusted EBITDA of £7.4m, stated before independent diligence adjustments.

↳ superseded by QoE report · p.11

QoE arrives → auto-supersede
After — normalised, cited
awaiting better evidence…

Why M&A OS

Infrastructure built for your size of fund.

The incumbents are either over-engineered for an enterprise buyer or priced out of reach. M&A OS is built for funds that do enough deals to need real infrastructure — and want it to feel like infrastructure, not a science project.

CapabilityM&A OSDealCloud · Hebbia · Rogo
Source-traced canonical record
Figures auto-supersede on new evidence
Screening, NBO and IC in one systempartial
Priced for £200m–£2bn funds
Live in weeks, not a six-month rollout

Comparison reflects positioning for lower-mid-market deal teams; incumbent capabilities vary by tier and price.

See your next deal as one citable record.

We're onboarding a small group of UK and European lower-mid-market funds. Request access and we'll walk your team through a live deal.