MINDRO

Target company graph: a live model of the company you're selling

Short answer

For every mandate, Mindro builds a target company graph: a live, structured model of the target company, built from thousands of data points in the client's materials. Financials, segments, operations, contracts and people are linked to one another, and every figure traces back to its source document. The IM, teaser and buyer work are drafted from it.

Target
company

  • Financials

    Quality of earnings · P&L · Cash conversion · Working capital · Net debt · Capex · Forecast · KPIs

  • Commercial

    Customers · Concentration · Cohorts & churn · Pricing · Pipeline · Channels

  • Market

    Market size · Growth drivers · Competitors · Positioning

  • Operations

    Supply chain · Suppliers · Sites & capacity · Quality · Procurement

  • Technology & data

    IT systems · Cybersecurity · Data & privacy · Licences · Product technology

  • People & HR

    Management · Key persons · Organisation · Compensation · Pensions · Employment terms

  • Legal

    Corporate structure · Material contracts · Change of control · Litigation · IP · Regulatory & permits · Real estate

  • Tax

    Tax returns · Tax audits · Transfer pricing · Tax losses

  • ESG

    Environmental · Emissions · Health & safety · Governance

  • Risk & insurance

    Insurance · Claims history · Contingent liabilities · Risk register

One deal graph per target: vector, graph and relational data in one, plus third-party data.

The firm brain is your accumulated knowledge across mandates. The target company graph is the live model of this one company.

What is in the target graph

The target graph is the digital twin of the target company: a structured model of the business, not a pile of documents.

It is scoped like a full due diligence, in ten domains:

  • Financials: quality of earnings, P&L, cash conversion, working capital, net debt and debt-like items, capex, forecast and KPIs.
  • Commercial: customers, concentration, cohorts and churn, pricing, pipeline and channels.
  • Market: market size, growth drivers, competitors and positioning.
  • Operations: supply chain, suppliers, sites and capacity, quality and procurement.
  • Technology and data: IT systems, cybersecurity, data and privacy, licences and product technology.
  • People and HR: management, key persons, organisation, compensation, pensions and employment terms.
  • Legal: corporate structure, material contracts, change of control, litigation, IP, regulatory and permits, and real estate.
  • Tax: tax returns, tax audits, transfer pricing and tax losses.
  • ESG: environmental, emissions, health and safety, and governance.
  • Risk and insurance: insurance, claims history, contingent liabilities and the risk register.

Every data point is linked to the document supplied by the client that it came from, such as the financial VDD and databook, management presentations, contracts and board minutes, and items are linked across domains: a change-of-control clause to the customers it affects, leases and pensions to net debt, key-person risk to management.

Traceable to source

Every figure in the target graph links to its source. Every figure and statement in the IM is backed by evidence, one click away: back to the exact place it came from, even a single clause in a contract amendment.

Every statement in an information memorandum backed by evidence, one click awayIllustrative example with made-up names: in the customers section of an information memorandum, the statement that Customer B, a top-3 customer, has extended its agreement to 2029 with automatic renewal is linked to its evidence: Customer contracts / MSA – Customer B.pdf, Amendment No. 2, Schedule 1, clause 3.1, page 41. The customer contract overview, row 7, is a second, corroborating source.INFORMATION MEMORANDUM · 5.2 CUSTOMERSLong-term customer relationshipsTop-10 customers have been with the company for 9 years on averageCustomer B, a top-3 customer, has extended itsagreement to 2029 with automatic renewalNet revenue retention of 112% in FY25PDFMSA – Customer B.pdfp. 41 of 52AMENDMENT NO. 2 · SCHEDULE 1 · TERM2.43.1Term. The term of the Agreement is extendeduntil 31 December 2029. Thereafter it renewsautomatically for successive periods of twoyears, unless either party gives twelvemonths' written notice.3.23.341ALSO SUPPORTED BYCustomer contract overview.xlsx, row 7Customer B · term to 2029 · auto-renewalSource · Amendment No. 2, clause 3.1, p. 41
Illustrative example with made-up names: every statement in the IM is backed by evidence, one click away.

How it is built during the mandate

  1. Connect client materials. Financials, management documents, contracts and prior memos (Excel, PowerPoint, Word, PDF and similar).
  2. Extract. The data extraction desk pulls facts and figures into the target graph.
  3. Verify. The verification desk checks them against their sources. When new materials arrive, the target graph is updated.

See how Mindro creates an IM

What it powers

  • Information memorandum: the IM is drafted from the target graph, on your firm's own layouts. IM creation
  • Teaser: the short, anonymised version, from the same facts.
  • Buyer matching: the target's profile matched against historic buyer behaviour and buyer data. Use cases

How it uses the firm brain

The firm brain brings your precedents, sector layouts and templates to the mandate. The target graph brings the facts about this one company. The target's confidential data stays inside the mandate.

Governed by default

The target graph is held in Mindro's governed environment in Europe, every data access is logged by user, tool and time, and it is never used for training. Security and trust

The firm brain · Information memorandum · Security and trust · Book a briefing

See Mindro on your next mandate

In 30 minutes we show how your team can create IMs, prepare pitches and match buyers from your firm's own knowledge.

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