Notes from the advisory desk

Carve-outs rarely fail on price. They fail on shared systems, people and contracts nobody mapped early enough.

Covenants, forecasts and credibility: how to prepare a credit story that holds up under scrutiny.

Most commercial disputes are business problems in legal clothing. Treating them that way changes the outcome.

Investors back founders, but they underwrite boards, reporting and controls. Here is what to fix first.