Diligence Support for PE Funds & Independent Sponsors
If every deal means outsourcing the QoE, make it the same team each time — one that already knows how you like the numbers presented.
Discuss a deal Engagement modelsBuilt for deal teams without an in-house bench
Independent sponsors and lower-mid-market funds rarely carry a diligence function. Every deal becomes a scramble for capacity at exactly the moment attention should be on the target.
- Consistent analytical approach across every deal in the portfolio.
- No retainer — engage deal by deal, priced per deliverable.
- Fast enough for a competitive process with a short exclusivity window.
- Senior-led, so the red flags surface early rather than in the final read.
Workstreams we run on a live deal
Quality of earnings
Normalised EBITDA, add-back support, sustainability of earnings, one-off identification.
Working capital peg
Twelve-month average, seasonality, the mechanics you will actually argue about at closing.
Net debt & debt-like items
What belongs in net debt, what is really a debt-like item, and what the seller left out.
Revenue quality
Recognition policy, customer concentration, churn and retention, contract quality.
Databook
The reconciled analytical file behind the report — yours to keep and reuse post-close.
Carve-out view
Standalone financials where the target is being separated from a parent.
Post-close, the same file keeps working
- The databook becomes the opening baseline for portfolio reporting.
- Monthly reporting packs and KPI dashboards built on the structure already agreed.
- Model refresh at each budget cycle without rebuilding from scratch.
- Exit-readiness work when it is time to run the process from the other side.
Frequently asked questions
Do you work with independent sponsors on a single deal?
Yes, and it is one of our most common engagements. Fixed price per deliverable, no retainer, no minimum commitment.
How quickly can you turn a QoE around?
Databook and analytical work typically runs 3–4 weeks for a full quality of earnings, in line with market standard. You see a first-cut databook inside 72 hours so you can decide early whether the deal is worth pursuing.
Can you support the buyer-side questions after the report?
Yes. Follow-up analysis, seller Q&A support and closing-statement review are all in scope.
Deal under exclusivity?
Send the data room index. We will tell you what we can cover and by when.
Book a consult See a real databookOr email abhishek.bhandari@zionadvisor.com directly.