Commercial due diligence done right is operator-driven, not desk-research-driven. Standard PE sprint format with the operator-interview depth a Big Four engagement rarely matches at the same cheque size.
Commercial diligence assesses the target's competitive position, customer base health, market dynamics and growth thesis through primary research with customers, ex-employees, competitors and channel partners.
Is the target's growth narrative actually supported by customer behaviour?
What does the competitive set say about the target's defensibility?
How realistic is management's customer-acquisition plan?
What's the supplier/channel reality vs the deck?
€25,000–€80,000 / project
Range reflects project size and complexity. Smaller engagements possible — ask.
2-week standard sprint, 4–6 weeks for complex targets
Accelerated timelines available for live transactions or competitive launches.
Pre-LOI and pre-close primary research for strategic and financial acquirers.
Test the assumptions underlying your investment thesis before you commit capital.
Programmatic third-party customer interviews — feedback your customers won't give you directly.