The Deal Lab

Knowledge

What SDE actually means

How sellers calculate discretionary earnings, and what to normalise.

Coming soon

Reading a quality-of-earnings report

The five adjustments that move the price most.

Coming soon

Asset deal vs. equity deal

Tax, liability and licence consequences of each structure.

Coming soon

Your first 30 days of diligence

A checklist ordered by what kills deals earliest.

Coming soon

Seller financing and earn-outs

Structures that bridge a valuation gap.

Coming soon

NDAs that a seller will sign

Terms buyers push too far on.

Coming soon