Deal-cycle diligence

Read the whole room before the number is fixed

Acquiring, financing, holding, selling: the decision gets made on a sample. Factum runs 254 specialist sub-agents over the whole room. A person reviews it before you see it.

Pre-launch. We take on single digits of pilot mandates.

The asymmetry

The number gets set while the room is still half-read

Traditional diligence samples the room and reports weeks later. By then the price is anchored and the findings are too late.

Whoever finds it first frames it

Whoever surfaces an issue first controls how it gets framed for the rest of the negotiation.

One dimension isn’t diligence

A quality-of-earnings read covers one dimension. The gaps show up between disciplines.

A risk list is not an argument

Most diligence is a static risk list. Nobody hunts for value-creation levers.

A sample is not the room

Coverage gaps are how deals go wrong after closing.

The output contract

A finding isn’t finished until it can be traced

Every claim cites a specific document and passage. No citation, no finding.

The schema enforces it. We publish the contract instead of a sample, because client work is confidential.

Output contract — every finding5/5
ModulePre-scoped, one of the library
Finding
Verbatim excerpt
Source document and passage
Human reviewRequired before release

The schema every finding has to satisfy. Client work is confidential, so there is no sample to publish.

How it runs

A tested pipeline, run the same way every time

Anyone can point an agentic tool at a data room. The question is what happens every time, by design.

The loop refuses to auto-approve
  • Fabricated or hallucinated citations
  • Privacy leaks
  • Scope refusals
  • Drafts below the reviewer threshold

7 hard-block conditions in total. Every one routes to a person.

  1. 01

    Grounded retrieval

    Each module dispatches its own sub-agents at your documents.

  2. 02

    Drafting

    The schema rejects any claim without a document and a passage behind it.

  3. 03

    Generate-critique-retry

    A reviewer agent critiques the draft and sends it back.

  4. 04

    Four-layer grounding check

    Index, quote, entailment, second opinion.

  5. 05

    Human approval gate

    One mandatory human step. It runs every time.

Governance

Built into how the pipeline runs

Each point below is a mechanism. None of them is a certification.

EU-hosted analysis
All analysis runs on Google Vertex AI in an EU region, under a Data Processing Agreement.
Zero retention at the model provider
The model provider does not keep your documents or train on them.
Pseudonymized before processing
Confidential data is pseudonymized before analysis. Reversed only in the final output.
One accountable point of contact
A named person reviews every output before it reaches you.
Coverage

31 modules, 254 sub-agents, 5 waves

Factum is already built. Every module is a team of specialists with a pre-scoped brief.

  1. 01

    Independent reads

    Eleven modules with nothing upstream of them. They all start at once.

    11 · 113

  2. 02

    Dependent reads

    Tax, legal and insurance need wave 1 output before they can reason.

    3 · 26

  3. 03

    Synthesis

    Valuation, restructuring and deal economics read across everything before them.

    8 · 63

  4. 04

    Deliverables

    The documents you actually receive, assembled from the waves above.

    5 · 34

  5. 05

    Post-close

    Monitoring and reporting. Runs on its own clock, after the deal.

    4 · 18

Counted from the product source. The largest module fields 21 sub-agents.

31
Pre-scoped modules

One per discipline or deliverable.

254
Specialist sub-agents

Dispatched across 5 dependency-ordered waves.

Days
Not weeks

A full 11-discipline pass, produced in days. Human review comes after it.

The engagement

The Diligence Sprint

All 11 disciplines in one engagement, plus three synthesis layers. Run it on a target, a company you hold, or your own business.

  • Financial
  • Commercial
  • Legal
  • Tax
  • HR
  • IT
  • ESG
  • Vendor
  • Operational
  • Valuation
  • Insurance
The Findings Guarantee

Three material findings your own team hadn’t already identified, or the engagement is free.

For pilot mandates. We carry the risk of this being early, not you.

Across the cycle

One evidence base, five moments

Nothing gets rebuilt when the next moment arrives.

  1. 01Acquiring

    From IM screening to closing, while the findings can still move price and structure.

  2. 02Financing

    The memo a bank or investor underwrites from, built off the same evidence base.

  3. 03Holding and building value

    Covenant headroom, KPI drift, early warning signals. Plus the value-creation levers a risk list ignores.

  4. 04Selling

    Data-room quality, financial presentation, management strength, equity story. The buyer’s pass, run first on your side.

  5. 05Restructuring

    Pre-IBR and WHOA: going concern, creditor position, covenant headroom. While the options are still open.

WHOA and IBR work is bound to Dutch jurisdiction. The rest of the cycle is jurisdiction-independent.

Start with a call, not a proposal

Thirty minutes to see whether this fits your situation. If it doesn’t, we’ll say so.

Book an intake call

Factum is pre-launch and taking on a limited number of pilot mandates.