The AI Operating System
for Mergers & Acquisitions.
Advisors use NaS_OS to sell companies. Investors use it to buy them.
One platform from first look to exit, on numbers you can trace to the source.
Built for
Built for the people who do the deal. Whichever side of the table you sit on, it starts with the same data room.
M&A Boutiques
You run sell-side mandates with a small team. NaS_OS reads the client's data room, drafts the teaser and the IM, builds the valuation and tracks every buyer, so your analysts spend the week on the deal, not on formatting it.
- Teaser and IM in your brand
- Valuation from the same numbers
- Every buyer on one Racetrack
Private Equity
You screen more deals than you can read. NaS_OS checks each one against your mandate, reviews the data room, models the returns and drafts the IC Memo. After closing, it tracks every company against the plan you underwrote.
- Screening against your mandate
- IC Memo from the evidence
- Portfolio against the IC budget
Search Funds
You look at hundreds of companies to buy one, then you run it. NaS_OS screens, reviews and models each target with the rigour of a fund's deal team, and keeps your investors informed once you own it.
- Hundreds of targets, one pipeline
- The memo your investors expect
- Quarterly reporting after closing
Why you can trust the numbers
Every number has an address. One fact base for the deal, every figure cited to its source.
- Cited
- Every figure points to the sheet and cell it came from.
- Checked
- Each value is re-read against its source, and the arithmetic has to hold: margins recompute, balance sheets balance, segments sum to the total.
- Never invented
- If something is missing, NaS_OS says it is missing and asks for it.
Confirmed a figure with the client? It outranks the documents, and any disagreement is flagged, never silently overwritten.
Revenue grew 11% in FY24, driven by recurring contracts, now 68% of the total.
- Gross profit = Revenue − Cost of sales Holds
- EBITDA margin recomputed from its own lines Holds
- Segments sum to total revenue Holds
How it works
One platform for the whole deal. Pick your side: the stages change, the fact base underneath does not.
- 01
Readiness
Score the data room the day it arrives. See what is missing and what disagrees, with a list of exactly what to ask the client for.
Data Room ReadinessProject Alpha72 of 100- FY24 audited financials Complete
- Customer concentration Top 10 split missing
- Revenue by segment Does not sum to total
- Management org chart Not provided
- 02
Diligence
Review the data room by area: financials, customers, contracts, KPIs. Find what a buyer will find, before they do.
Diligence12 open findings- Change of control, Client B (18% of revenue) Protect
- FY24 revenue: P&L and deck differ by 2.1% Price
- Contract with top customer not in data room Ask
- Add-back: founder salary above market Accepted
- 03
Equity Story
Write the thesis and the pillars, then get a senior banker's critique, with rewrites you apply in one click.
Review with AIBalanced- Strengthen
Lead the thesis with the 68% recurring revenue. It is your strongest proof point.
- Soften
"Category leader" outruns a 14% share. Reframe as the fastest-growing player.
- Flag
Customer concentration is not addressed. Buyers will raise it in the first call.
- Apply rewrites
- Strengthen
- 04
Valuation
An interactive model, not a static exhibit. Switch the scenario or change an assumption, and the DCF, LBO, comps and football field move together. Export to Excel with live formulas.
Football FieldImplied Enterprise ValueDCFWACC 9.2%LBO22% IRRTrading comps8.5x EBITDAPrecedents9.1x EBITDA€30M€40M€50M€60M€70MImplied EV €48M to €57MTry it: switch the scenario or move WACC.
- 05
Documents
Blind Teaser, Named Teaser and a full Information Memorandum in your brand, in English, German, French or Spanish. Ready to send in under an hour, depending on the size of the data room.
ProductionProject Alpha- Information MemorandumPDF · PPTX
- Blind TeaserPDF · PPTX
- LanguageEN · DE · FR · ES
-
- 06
Buyers
Racetrack runs the process: every firm, every person, every stage from teaser to IOI, with the next step on each.
RacetrackProject Alpha · By OperationPartyTeaserNDAIMCallIOILOI- Halden CapitalPrivate Equity IOI received
- Arbor SearchSearch Fund Call today
- Norcross GroupStrategic Follow up Thursday
- Pillar Family OfficeFamily Office Send IM
- Kessel PartnersPrivate Equity NDA overdue
-
- FY24 audited financials Complete
- Customer concentration Top 10 split missing
- Revenue by segment Does not sum to total
- Management org chart Not provided
- Change of control, Client B (18% of revenue) Protect
- FY24 revenue: P&L and deck differ by 2.1% Price
- Contract with top customer not in data room Ask
- Add-back: founder salary above market Accepted
- Strengthen
Lead the thesis with the 68% recurring revenue. It is your strongest proof point.
- Soften
"Category leader" outruns a 14% share. Reframe as the fastest-growing player.
- Flag
Customer concentration is not addressed. Buyers will raise it in the first call.
- Apply rewrites
Try it: switch the scenario or move WACC.
- Information MemorandumPDF · PPTX
- Blind TeaserPDF · PPTX
- LanguageEN · DE · FR · ES
- Halden CapitalPrivate Equity IOI received
- Arbor SearchSearch Fund Call today
- Norcross GroupStrategic Follow up Thursday
- Pillar Family OfficeFamily Office Send IM
- Kessel PartnersPrivate Equity NDA overdue
- 01
Screening
Triage what the banker sent against your Investment Mandate: pursue, pass, or ask for more. Criterion by criterion.
ScreeningProject Kestrel- Sector: business services In mandate
- EBITDA €4.2M Within €2M to €10M
- Geography: DACH In mandate
- Top customer 31% Above your 25% limit
Recommendation: Pursue - 02
Diligence
Every finding ranked by what it means for the deal. Questions go to the seller on a secure link, and the answers come back into the deal.
Diligence SummaryProject KestrelWalk away0Price2€1.4MContract3Post-closing4- Customer can terminate on change of control Contract
- Working capital below the 3-year average Price
- 03
Returns
An LBO built from the verified numbers, with returns by exit year, tested against your mandate's targets.
LBO ReturnsBase Case- Entry multiple 7.5x EBITDA
- Exit year Year 5
- IRR 24.8% vs 20% target
- Money multiple 2.9x
- 04
IC Memo
The Investment Committee Memorandum, drafted from the thesis, the findings and the model. The recommendation stays yours to make.
IC MemoProject Kestrel- Mandate fit5 of 6 criteria
- Open itemsAwaiting QoE sign-off
- RecommendationPending your decision
-
- 05
Ownership
Each period against the budget approved at IC, with covenants, KPIs and the Value Creation Plan. The Board Pack is drafted for you.
Portfolio · KestrelEBITDA vs IC budgetQ1Q2Q3Q4Actual IC budget- Leverage 3.1x vs 4.0x covenant
- Pricing lever Behind plan
- 06
Exit
The data room you built at diligence is still there. The sale materials come from it.
ExitProject Kestrel- Periods recorded since closing 11 quarters
- Thesis exit view Trade buyer at 9x
- EBITDA vs underwriting +14%
- Sale materials Ready to generate
- Sector: business services In mandate
- EBITDA €4.2M Within €2M to €10M
- Geography: DACH In mandate
- Top customer 31% Above your 25% limit
- Customer can terminate on change of control Contract
- Working capital below the 3-year average Price
- Entry multiple 7.5x EBITDA
- Exit year Year 5
- IRR 24.8% vs 20% target
- Money multiple 2.9x
- Mandate fit5 of 6 criteria
- Open itemsAwaiting QoE sign-off
- RecommendationPending your decision
- Leverage 3.1x vs 4.0x covenant
- Pricing lever Behind plan
- Periods recorded since closing 11 quarters
- Thesis exit view Trade buyer at 9x
- EBITDA vs underwriting +14%
- Sale materials Ready to generate
What comes out
Work you can send. Real deliverables, in your firm's brand, with every figure cited to its source.
Impact
The IM is no longer the bottleneck. Your team's hours move from assembling the work to judging it.
*Typical analyst time for an IM, industry estimate.
NaS_OS timing depends on the size of the data room.
Your firm's way
It works the way your firm works. Encode how you write, what you emphasise and what you never say, once.
House Playbook
Teach NaS_OS how your firm writes and what it never says, once. Every document follows it.
Your Brand and Your Client's
Your identity on every cover, the target's where it belongs.
Four Languages
English, German, French and Spanish, in the prose and the layout.
Your Team
Seats share the deals they work on. Account and billing stay with the owner.
Access
Onboarded on your own deal.
Every firm is set up by our team on one of its live deals, with its own frameworks, brand and standards in place from the first day. We onboard a limited number of firms at a time so that stays true.
- EU data residency
- Every deal isolated
- Never used to train AI models
What is NaS_OS?
A platform for the M&A process. It reads a data room, builds one verified fact base, and from it runs the work on either side of a deal: diligence, valuation, documents, the buyer process, the investment committee and portfolio monitoring.
Who is it for?
M&A boutiques and corporate finance advisors on the sell side, and private equity firms and search funds on the buy side.
Is this due diligence?
It is a review of what is in the data room. It reads everything, flags what is missing, what disagrees and what does not add up, and reads contracts for the clauses that move price. It does not replace your lawyers or your accountants. It gets them a cleaner file, faster.
How fast is the Information Memorandum?
In our tests, under an hour from upload to a branded IM you can send to your client. The exact time depends on the size of the data room. You review every figure before anything is generated.
Does it build the Financial Model too?
Yes. DCF, LBO, trading comps and a football field on a three-statement model, exported to Excel with live formulas. It comes from the same numbers as your documents, so the model and the memo never contradict each other.
How do I know the numbers are right?
Each figure cites the exact sheet and cell it came from and is re-checked against it. The arithmetic has to hold. Missing data is flagged, never filled in.
Is my data safe?
It is stored and processed in the EU, isolated per deal, encrypted in transit and at rest, and never used to train AI models.
How does pricing work?
A flat monthly plan sized to your deal flow, with no per-document fees. We share pricing on a short call.
Bring your next deal.
We will run NaS_OS on a real data room with you, on the call.
You will see your own deal, not a slideshow.