Operating capability, before and after the deal.
Diligence, Day One, hold-period value creation and exit readiness, delivered by operators who have run the functions themselves.
The operating era
Multiple expansion has gone, holding periods have lengthened and dry powder is ageing. Returns now depend on what happens inside the business.
Of value created in 2024 exits came from revenue growth, up from 64% in 2023.
Bain and Company, via MoonfareGlobal buyout dry powder in mid-2025, with 24% held four years or longer.
Bain and Company, via MoonfareOf PE buyouts in Q1 2024 were carve-outs or divestitures, against 5.7% at the end of 2021.
PitchBook, via FTI ConsultingFill in: check the figures from Bain and Company, via Moonfare and PitchBook, via FTI Consulting against the original before launch
Across the investment lifecycle
Four points where we add capability.
Pre-deal
Operational, technology and AI due diligence, with a costed view of the value-creation plan.
Post-close
Day One readiness and the 100-day plan, with a transformation office if the programme needs one.
Hold period
EBITDA improvement across pricing, procurement, working capital, automation and technology cost.
Exit readiness
Evidence of sustained improvement, a clean technology position and vendor due diligence support.
How we engage
Defined scopes, so the commitment is clear.
Operational full-potential review
The size of the prize and the route to it, in weeks not months.
Technology and AI diligence
What the technology really costs, what it can carry, and what must be fixed.
100-day value creation blueprint
The plan management will actually run from completion.
Exit readiness review
What a buyer will find, and what to fix before they find it.
Interim leadership
A chief operating officer or chief technology officer in the business when one is needed.
Discuss a portfolio company
Tell us where the value is stuck.
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