From data roomto investment committee.
Pastel ingests the VDR, builds the deal ontology, and produces a brief your committee can defend. In 48 hours.
- CPI uplifts un-applied · $14.6M EV impact
- Customer concentration · top 3 = 38% ARR
- CoC clauses triggered in 14 of 312 MSAs
From VDR to committee brief. In four moves.
Three lenses on the deal. One brief.
Pastel categorises every material finding across the three angles your committee asks about.
Revenue leakage from un-applied CPI escalators
18 of 312 active MSAs carry a 5% mandated annual uplift, renewed at flat invoiced rates over the trailing 24 months. NRR overstated by ~3.1pts.
Setup fees recognised at invoice, not deferred
$680K of one-time implementation fees recognised immediately upon billing across 41 enterprise deals. EBITDA overstated 14.2%.
DSO compressed sharply pre-LOI
DSO dropped from 58 to 45 days across Q3-Q4 while DPO expanded from 32 to 47. Pattern suggests collection and payment timing engineered to inflate cash at close.
Every metric. Live from hour one.
EBITDA bridge, customer concentration, working capital, covenant headroom. The diligence dashboard updates as new documents land in the room.
- Adjusted from reported, traceable to journals
- Concentration thresholds checked against the LOI
- Working capital trends versus the seller's peg
Run Pastel on your last close.
See what slipped through.
A 20-minute walkthrough. We run Pastel against a sample data room and show you the kind of findings it surfaces, cited line by line. No commitment.