Assess whether management can run this without the founder (092fcb)

Situation

After a CIM that omitted a material litigation, revenue-quality bridge from bookings to cash is what carve-out separation lead can touch in a PE platform evaluating a founder-led SaaS add-on. M&A Due Diligence will live with Proceed versus Reprice on this Separation and Integration file.

Decision

Carve-out separation lead in a PE platform evaluating a founder-led SaaS add-on must choose Proceed / Reprice / Walk / Hold using revenue-quality bridge from bookings to cash after a CIM that omitted a material litigation.

Hypotheses to test

• The population in revenue-quality bridge from bookings to cash is the one a CIM that omitted a material litigation named, so Proceed follows for this Separation and Integration file.
• The population in revenue-quality bridge from bookings to cash is adjacent only to a CIM that omitted a material litigation; Reprice is the honest M&A Due Diligence call.
• A PE platform evaluating a founder-led SaaS add-on already contained a CIM that omitted a material litigation before revenue-quality bridge from bookings to cash arrived; no new Separation and Integration path.
• Provenance on revenue-quality bridge from bookings to cash after a CIM that omitted a material litigation is broken; do not pick Proceed or Reprice yet.

Analysis required

• Test whether a CIM that omitted a material litigation is a diligence gap, a price chip, or a walk-away.
• Separate a one-off add-back from a recurring earnings issue in revenue-quality bridge from bookings to cash.
• Map reps, earnout mechanics, and integration risk a PE platform evaluating a founder-led SaaS add-on would inherit.
• For this M&A Due Diligence Separation and Integration file, read revenue-quality bridge from bookings to cash against a CIM that omitted a material litigation and write the one fact that would move management can run this for carve-out separation lead.

Recommendation

Choose Proceed / Reprice / Walk / Hold on this M&A Due Diligence / Separation and Integration packet (revenue-quality bridge from bookings to cash after a CIM that omitted a material litigation). The follow-on Separation and Integration action is what carve-out separation lead does next: implement the option, assign an owner, and log the missing fact.