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PE · Corporate Development · Search Funds · Investment Banks

Catch what single-model analysis misses — before close.

The work you do in the diligence window has to survive management's pushback, the seller's CFO, and the IC partner who hasn't read the data room. Delibera puts three independent AIs against each target — and they're required to disagree before synthesizing.

ARR Quality Analysis

Recurring vs. non-recurring classification, concentration risk, churn math sanity-checks across customer cohorts.

Waterfall Modeling Verification

Tier-by-tier validation of distribution mechanics — catches the errors that only surface on close day.

Ownership Math Validation

Cap table reconciliation across term sheet, articles of incorporation, and side letters. Conflicts flagged.

Rule of 40 & Growth Efficiency

Multi-period computation with footnote awareness. Decomposes into growth vs. margin contribution.

Management Claim Verification

Every assertion in the deck back-checked against the data room and public filings. Gaps surfaced.

Comp Set Critique

Adversarial review of the peer group. Which comps don't belong, which got quietly excluded, why.

What you get

A two-page IC brief with the Call, Math Audit, Numbers That Matter, Scenario Analysis, Calculation Methodology, Walk-Away Price, Negotiating Reality, and Next 48 Hours. Every restated number shows inputs, formula, result, and notes. Export is SHA-256 signed.

Works across deal types

Built for SaaS, growth equity, and traditional mid-market buyouts.

Delibera’s analysis framework adapts to what the deal actually requires. SaaS and growth equity deals trigger ARR quality analysis, cohort retention verification, and waterfall modeling across preference stacks. Traditional buyouts trigger EBITDA normalization, working capital analysis, customer concentration assessment, and add-back verification. Every deal gets management claim verification, comp set critique, and the full audit trail — whether your target files 10-Qs or runs QuickBooks.

Same deal. Two approaches. Different conclusions.

Single-Model Output

Priced for perfection

Accepted $14.2M ARR at face value
Computed 13% IRR as “thin but acceptable”
Reproduced 10% ownership from term sheet
Rule of 40 not computed

Action: Binary walk/don’t-walk list

Delibera Output

Structurally uninvestable as written

Restated ARR to $11.8M after 10-Q cross-check
Waterfall-adjusted MOIC: 0.89x at $250M exit
Flagged 16.5% implied ownership vs. 10% stated
Rule of 40 computed at −12.7%

Action: 72-hour gated sprint with specific gate sequencing

The single-model output is a solid IC prep memo. Delibera’s output is a harder-nosed diligence challenge. The material difference: Delibera caught two things that change the investment thesis entirely.

Built for workthat goes on the record.