For M&A Boutiques · Sell Side
Run more mandates with the team you have.
From the client's data room to a teaser, an IM, a valuation and a buyer list, on one set of verified numbers, in your firm's voice.
- FY24 audited financials Complete
- Customer concentration Top 10 split missing
- Revenue by segment Does not sum to total
- Management org chart Not provided
Your week
Your week, before and after.
The mandate, stage by stage
From the first file to the last IOI. Every stage reads from the same fact base, so the IM, the model and what you tell buyers always agree.
- 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.
- A readiness score, and what is driving it
- Gaps and conflicts flagged before you generate anything
- Resolve them inside NaS_OS, without editing and re-uploading files
- A secure upload link for the client, no account needed
- Figures the client confirms outrank the documents, and every disagreement is flagged
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.
- Every finding ranked by what it means for the deal
- Contracts read clause by clause for change of control, exclusivity and termination
- Questions go to the client on a secure link, and the answers come back into the deal
- Quality of Earnings: the EBITDA bridge with every add-back accepted or challenged
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.
- Thesis, pillars, why now, positioning and red lines
- Posture: Conservative, Balanced or Aggressive
- Rewrites that respect the topics you never raise
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
- 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.
- Change any assumption and see the value move, live
- DCF with a WACC build-up, LBO with returns by exit year
- Conservative, base and upside scenarios with two-way sensitivities
- Seeded from the same verified numbers as the IM, so the two never contradict
- Branded 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.
- Review and edit every extracted figure before anything is generated
- Sector-aware writing and charts across 16 sectors
- Your firm's brand on every page, the target's identity where it belongs
- PDF and PPTX
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.
- Firms, the people at them, and each firm's history across your mandates
- Your own stages, from teaser and NDA to management call and IOI
- Next steps and follow-ups, so no buyer goes quiet unnoticed
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
Deal Chat
Ask the deal anything, before a buyer does.
Prepare for the management call in minutes. Deal Chat answers in plain English, only from the data room and the model, with the exact document and page cited.
What comes out
What you send to buyers. Real deliverables, in your firm's brand, with every figure cited to its source.
Will the IM sound like our firm?
Yes. Your House Playbook, document standards and Equity Story are applied to every generation, so the draft reads like your team wrote it, in your brand.
What if the client's data room is a mess?
That is the normal case. Readiness scores the room on arrival and gives you the list of what to chase. The client can upload straight into the deal through a secure link.
Can I edit before anything is generated?
Every extracted figure is shown for review first. Nothing is generated until you approve it, and every section can be edited afterwards.
Do we still need our CRM?
Racetrack is built for the sell-side process: firms, people, engagements across mandates, stages and next steps. Most boutiques run the whole process in it.
Bring your next mandate.
We will run NaS_OS on one of your data rooms, on the call, and you will see the teaser, the IM and the model come out of it.