Practice 03
Transactions, Valuation & Capital Advisory
Thyor supports acquisitions, disposals, capital decisions and ownership transitions through valuation, modelling, diligence analysis, term-sheet evaluation, exit readiness and negotiation support. The firm does not solicit securities, contact buyers, act as a broker-dealer or charge transaction-based fees.
Why it matters
Preparation and judgement for the transactions that define ownership.
Most value in a transaction is won or lost before the process begins: in the quality of the numbers, the credibility of the forecast, the coherence of the equity story and the seller’s or buyer’s readiness for scrutiny. Parties that arrive prepared set the terms of the discussion; parties that do not, concede them.
Middle-market and founder-led businesses in particular face processes run by counterparties who transact for a living. Institutional investors and strategic buyers bring diligence teams, models and experience. An owner selling once, or a company raising institutional capital for the first time, needs equivalent preparation on its own side.
Capital decisions are equally consequential in quieter moments: the right capital structure, the right instrument, the right moment. Debt and equity choices made under pressure are usually the most expensive a business ever makes.
Recognisable situations
When to engage.
- 01
A sale or exit is on the horizon
Value, timing, structure and readiness need independent assessment twelve to twenty-four months before a process.
- 02
An acquisition opportunity appears
Valuation, diligence coordination and financing must move quickly without surrendering rigour.
- 03
Institutional capital is being raised
The model, materials and financial narrative must survive professional scrutiny.
- 04
A refinancing or recapitalisation approaches
Options across the capital structure need evaluation before covenant or maturity pressure removes them.
- 05
A number must be defensible
A valuation for a transaction, a dispute between owners, a buy-in or a buy-out must rest on method, not assertion.
- 06
Integration or separation must be planned
The financial architecture of combining or carving out businesses needs design before execution.
- 07
An owner wants options, not a process
A confidential, structured view of what the business is worth and what paths exist — without triggering a market approach.
Scope
Work configured around the decision.
M&A advisory
- Buy-side and sell-side support
- Transaction strategy
- Exit readiness
- Deal structuring
Analysis & valuation
- Valuation
- Financial modelling
- Financial and commercial diligence coordination
- Quality of earnings support alongside credentialled providers
Capital
- Capital raising
- Debt and equity financing strategy
- Acquisition financing
- Refinancing and recapitalisation options
Process & materials
- Investor materials and financial narratives
- Management presentations
- Integration and separation planning
- Carve-out financial architecture
Method
A clear sequence from fact base to execution.
- 01
Define the objective and constraints
Value expectations, timing, tax position, confidentiality limits and the counterparties likely to be involved.
- 02
Build the financial foundation
Normalised earnings, an institutional-grade model and a forecast that connects to operational reality.
- 03
Assess options and structure
Valuation ranges, alternative structures, financing capacity and the trade-offs between them.
- 04
Prepare for scrutiny
Materials, data-room readiness and diligence anticipation — the questions counterparties will ask, answered before they ask them.
- 05
Support execution
Coordination across advisers, analysis through negotiation, and management of the financial workstreams to completion.
- 06
Land the outcome
Integration, separation or post-completion reporting so the value negotiated is the value retained.
Deliverables
Work products designed to support an actual decision.
- Decision-grade transaction and operating models
- Valuation analyses and ranges
- Exit-readiness assessments
- Investor presentations and financial narratives
- Diligence coordination and issue logs
- Financing option papers and lender materials
- Integration and separation financial plans
Focused services
Services within Transactions & Capital.
Transaction Advisory
Independent financial analysis for acquisitions, disposals and ownership transactions, working alongside the client’s attorney, broker or other regulated advisers.
View service →Business Valuation
Commercial business valuation for transactions, capital decisions, equity compensation, ownership changes and restructuring.
View service →Exit Readiness
A structured 12-to-24-month programme to improve financial credibility, diligence readiness and owner preparation before a sale.
View service →Capital Strategy & Negotiation Support
Debt and equity option analysis, financial preparation and negotiation support without investor solicitation or transaction-based fees.
View service →Next step
Discuss a transaction or capital need
Sensitive matters may be described at a high level. Scope and confidentiality are agreed before detailed information is exchanged.