The workstream that tests whether a target's <em>market, customers, and competitive position</em> support the growth a buyer is paying for.
A short diligence deliverable that surfaces only the <em>material risks and deal-breakers</em> early, so a buyer can decide whether to keep spending.
The workstream that examines a target's <em>technology, architecture, and engineering</em> — whether the product can scale and what it will cost to maintain.
The agreed normal level of working capital a target must deliver at close — the <em>benchmark</em> that the closing adjustment is measured against.
Permissioned repository of diligence materials. <em>Every figure in an IC memo</em> ultimately points back to a document here.
The workstream that reads a target's <em>contracts, records, litigation, and compliance</em> to find legal risks that affect price, structure, or terms.