Capital & Transactions · For owners, sponsors and buyers

Investors and buyers say yes faster when the numbers already hold up.

We structure the capital, prepare the evidence and run the search for investors, buyers or targets.

Diligence comes first, so your story survives theirs.

Talk through your raise or sale See how we test the numbers
  • Free first look, written up in two days
  • Fixed fee in writing first
  • Any deal-based pay disclosed upfront
01 / Scope What you can ask us for

Fund it, sell it or find it. Start from evidence that holds.

Capital structuring

Senior debt, seller notes, earnouts and equity, sized to what the cash flow actually supports.

Capital raises

Investor materials built on tested numbers, and a disciplined process from first outreach to close.

Sale readiness and buyer search

Find what a buyer will discount before they do. Then reach the buyers who will pay for it.

Buy-side search and deal flow

Targets that fit your thesis, including businesses that are not for sale as companies.

Lender and investor diligence

Answers ready before the questions arrive, so diligence confirms the story instead of rewriting it.

02 / Why it stalls Where raises and sales lose value

Every question the other side cannot answer becomes a discount.

01Adjusted EBITDA
Add-backs the investor or buyer cannot trace to source get cut, and the multiple follows.
02Working capital
An undefined peg becomes a late price fight, usually lost by the side that did not prepare.
03Structure
Debt sized to a hopeful number turns into covenant trouble in the first year.
04Timing
Surprises found in diligence slow the process, and slow processes lose buyers.

Sample case · synthetic

From the owner's number to what an investor will fund

At 6x, a $3.3M valuation gap. Found before an investor found it.

What the owner asked for

$12.3M

Senior debt at 3.0x the owner's $4.10M.

What the cash flow supports

$8.9M + $3.4M

Senior debt at 2.5x tested EBITDA. A $2.0M seller note and $1.4M of equity close the gap.

Find the discount before the other side does.

Send a few lines about the raise or sale. The first look is free.

Talk through your raise or sale
03 / How we work Diligence first, then the process

We read your company the way they will.

  1. 01

    Test the numbers

    Earnings, cash and working capital, traced to source before anyone else sees them.

  2. 02

    Structure to the cash flow

    Capital that the business can carry, with room for a bad quarter.

  3. 03

    Run a focused process

    The right investors, buyers or targets, with a clear decision at each step.

Raising, selling or searching?

Tell us what you are trying to get done. A few lines is enough. Details are optional.

What happens next

  1. 1We reply within one business day, directly.
  2. 2A free first look: a 20-minute call, then a one-page read of the company within two business days.
  3. 3If there is work to do, a fixed fee set by complexity, in writing first.

Reply within one business day.

Submitted information is used to respond to this inquiry. Privacy. Prefer email? connor@marstonrow.com.

04 / Boundaries How we are engaged

You always know who we work for and how we are paid.

Advisory and preparation work is on fixed or flat fees, agreed in writing.

Where a step requires a registered party, a registered partner performs it under separate terms.

Any compensation tied to your deal is disclosed in writing before work starts.

We never do buy-side diligence on a deal we are selling. We do not promise financing, valuations or returns.

Read the disclosures