Our services
Funds flow
A funds flow is the complete map of how money moves on a transaction: every payment, from every account, to every account, in every currency, in sequence, on the right value date. We build it from the structure and the economics of the deal, and the figures it produces are the ones that go into the share purchase agreement, the capital increase resolutions, the notarial deeds and the financing documents. Drawing the map is straightforward. Getting every figure right, and keeping them right as the structure moves in the final weeks, is not.
1
Sizing the equity
We establish the cash equity the sponsor has to inject, to the cent, once the price, the debt, the rollover, the fees, the cash and the working capital adjustments are all accounted for. Every figure downstream depends on that one being right.
2
The figures behind the legal documents
Capital increases, share counts and issue prices, shareholder loan amounts, drawdowns and repayments, fee allocations. We produce the figures the lawyers put into the documents, and we keep them consistent as the structure moves.
3
The funds flow model
The full payment cascade from signing to completion, structured by section and by step, with value dates, currencies and counterparties. Each step names the payor, the payee, the amount, the purpose and the exact wire reference.
4
Bank account validation
No account detail enters a funds flow unless it can be quoted verbatim from a named source document. We do not infer a BIC from an IBAN and we do not fill a gap from what we know about a bank. Anything missing is left blank and raised.
5
Cash position checks
We track the running balance of every account, in every currency, at every step, so that no entity is asked to pay out money it has not yet received and no account goes negative during the day.
6
Verification before signature
Once the documents are drafted, we check every figure recited in them back against the model, clause by clause, and issue a traceability report showing the model value, the document value and any difference. It catches transcription errors before anything is signed.
7
Execution on closing day
Each person executing wires receives a personal playbook: the payments they send, the payments they should expect to receive, the amounts, references and bank details, grouped by value date. We coordinate confirmations and reconcile as the flow completes.
8
Paying agent services
Where the transaction requires it, we act as paying agent, centralising and distributing payments to selling shareholders and managers, executed through established payment technology providers.
Our services
Transaction execution, end to end
Transaction & valuation modelling
Cap table computations, shareholder waterfalls, equity bridges, share class economics and management incentive plan allocations.
Cap table & MIP monitoring
Maintenance of the shareholder register after closing: vesting, leaver events, transfers, and the reporting that goes with them.
Deal accounting & VAT recovery
Accounting assistance for holding structures, and recovery of VAT on transaction costs.
