For private equity

M&A Software for Private Equity Teams

Set the fund's mandate as numbers once, then let every target be measured against it — so partner time goes on the deals that clear the bar, every screen is done the same way whoever runs it, and the committee paper is assembled from figures already on file rather than rebuilt the night before.

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  • £399/month
  • Unlimited users and deals
  • TrueValue Agent included
  • No credit card required

The private equity deal workflow in TrueValue

Origination to completion for a fund running several live opportunities at once, with the same discipline applied to each.

  1. Step 1

    Mandate

    Sector, geography, size, earnings, leverage and return criteria captured as hard numbers on an acquisition mandate. Every target and every inbound memorandum is scored against it; an unknown is flagged, never scored as a miss.

  2. Step 2

    Screen

    Marketplace listings, adviser-led CIMs and register-sourced targets arrive in one pipeline. The Agent extracts the financials, scores fit, prices indicatively and lists the gaps, so an associate reads a first pass rather than an eighty-page PDF.

  3. Step 3

    Price and structure

    The five-method valuation from the accounts, then the returns model: consideration lines, funding plan with lender caps from the target's own balance sheet, transaction costs, working capital, covenants, IRR and the maximum price at the fund's hurdle, in named scenarios.

  4. Step 4

    Diligence and committee

    Request lists sent and chased, evidence on every item, red flags with severity, and an IC memo headed by a deterministic fact pack that cites every figure to its source and states what the record does not hold.

The problems a fund deal team keeps meeting

  • Screening depends on who screened

    Two associates, two spreadsheets, two views of the same target. Without the mandate written as numbers, consistency is a matter of memory and the partner review is where the discrepancy surfaces.

  • The first pass throttles origination

    Every adviser-led process sends a CIM; every one takes hours to read properly. The fund either reads a subset or reads them badly, and the choice of subset is made by the sender.

  • The returns model lives on a laptop

    The LBO is one analyst's Excel with its own conventions. The committee sees a number; the assumptions behind it, the lender's cap, the covenant headroom and the earn-out attainment are in the cells.

  • Committee papers are rebuilt from scratch

    The IC memo is written the week before, from figures retyped out of the CIM, the model and the diligence tracker — and any of the three may have moved since.

  • Nothing watches the pipeline between meetings

    A management team going quiet, a competing bidder's data-room activity, a diligence item three weeks overdue. Each is visible in hindsight.

How TrueValue fits the fund

  • Mandate fit on every target

    One mandate per strategy, criteria as numbers, every target scored the same way with the unknowns named. The Agent screens what arrives overnight and files the ones that clear.

    How to build an acquisition mandate

  • AI CIM analysis

    Financials spread, adjustments listed, concentration and owner dependence extracted, red flags and missing information named, every figure linked to its page.

    AI CIM analysis

  • Returns at the hurdle

    IRR, MoIC, DSCR and fixed-charge cover by year, the maximum price the hurdles allow, earn-out sensitivity, and a funding plan that refuses a draw the balance sheet does not support. Up to five scenarios per deal, one primary.

    M&A valuation software

  • Diligence with evidence

    Request lists the management team answers without an account, automatic chasing, evidence linked to every item, and invalidation triggers that fire when a walk-away condition is breached.

    M&A due diligence software

  • IC memo from the record

    A fact pack from the persisted valuation, economics verdict, mandate fit and diligence state, each fact cited, a Missing Information section, and What Would Make This Wrong. Exported as a committee PDF.

    M&A document management

  • Portfolio-grade governance

    Roles, approvals by value, a trigger-written audit log, deal team per opportunity and reporting for the Monday partners' meeting.

    M&A deal management software

Use cases

  • Platform acquisitions

    Run the whole process from the adviser's teaser to the SPA on one record, with the returns model and the diligence list sharing the extracted accounts.

  • Buy-and-build

    A standing sourcing job on the register and the marketplaces, scored against the platform's bolt-on mandate, with identified targets researched and approached under the approach rules.

  • Proprietary origination

    Saved screens of the Companies House register re-run nightly, seller-readiness signals from filings and officer changes, and web research that stores a website only when the page proves it is the company.

  • Post-completion

    Earn-out forecasts against the contract, escrows, the working-capital true-up, side-letter obligations and the deal review, with a closing outcome recorded as the source of every later multiple.

What the Agent does for a fund

The TrueValue Agent does the associate's first hour on every opportunity: it reads what landed, scores it, prices it, lists the questions and files a proposal. On live deals it chases diligence, reads what comes back, watches management and competing-buyer behaviour, and raises a drifting process while there is still something to do about it. It cannot invent a figure, it cannot send anything without a click, and everything it does leaves a receipt with an undo.

For a fund the point is consistency as much as speed. Every target is screened by the same rules against the same mandate, the same valuation engine and the same returns model, so the pipeline review compares like with like.

Frequently asked questions

Can we run more than one mandate?

Yes. A workspace holds several acquisition mandates — one per fund or strategy — and each target is scored against the one it is being considered for.

Does the returns model handle our structures?

Consideration as lines — cash, completion adjustments, deferred schedule, earn-out with metric, threshold, cap and attainment assumption, vendor note with subordination, equity roll — with senior, mezzanine, asset-backed and invoice finance in the stack, covenants by year, and a cash sweep. What the bridge cannot map is named as unmapped, never dropped silently.

How do we keep the seller from seeing our numbers?

Anything shared with the seller runs through a redaction rule: IRR, MoIC, the maximum price, the hurdles, sensitivity and the earn-out attainment assumption cannot appear in a seller copy, and the exporter refuses to run if one does.

Can the whole deal team be on it?

Yes. The plan is £399 a month with unlimited users, so partners, associates, operating partners and the CFO of a portfolio company can all be on the record without seat counting.

What about our existing models?

Keep them. TrueValue's DCF, LBO and three-statement builders seed from the extracted accounts and export to Excel; a house model can take the same inputs. Where the platform's engine and a house model disagree, the platform shows its assumptions so the difference can be found.

How does it handle confidentiality between deals?

Every deal is scoped to the workspace in the database, roles govern who in the team sees which deal, and the audit log records every access. See the security page.

Go deeper

Run the fund's pipeline on one record

Set the mandate, drop in the CIMs from this quarter and see the first pass on each by the morning.

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