For private equity and M&A
Understand the whole deal before you make the decision.
Percidian connects every authorized document, model, message, finding, and relationship into one current, permissioned understanding of the transaction — for every AI system the deal team uses, from screening into ownership. The assumptions, risks, and commitments found before signing carry into ownership, attached to the agreement, the owner, and the evidence.
Deal-team and data-room boundaries applied per request · Every conclusion linked to the clause, range, or note behind it
Change-of-control clause · largest customer agreement §14.2
- found
- Diligence, day 12 · legal workstream
- impact
- 18% of forecast revenue · base case assumes consent
- committee
- In the IC memo — with the clause and the model range
- signing
- Consent obtained · recorded as a condition
- ownership
- Renewal review, Q3 · owner: portfolio operations
- evidence
- Agreement §14.2 · QoE tab 4 · CRM · call note
Illustrative exampleOne record, from the day it was found to the review it opens.
From first look to ownership
Diligence that survives the deal.
Every stage below is the same clause. Nothing is rediscovered; nothing is re-entered.
Screening
The deck flags top-three customer concentration. The first view already carries the question: what do those agreements say about a change of control?
Diligence
Day 12: §14.2 of the largest customer agreement permits termination on a change of control. Logged as a risk — with the clause, the revenue it touches, and an owner.
Investment committee
The risk sits in the memo with its evidence and the model range it moves. The base case assumes consent; the downside case does not.
Signing and closing
Consent obtained. The condition, and the assumption behind it, are recorded against the decision that was made.
Ownership
Q3: the renewal review opens from the same record — clause, consent, assumption, owner — not by rereading the data room.
After close
Diligence that ends at close, and diligence that survives it.
Diligence that ends at close
- Findings live in the data room and the memo.
- Assumptions live in a workbook tab.
- Risks are rediscovered at the first operating review.
- The next add-on begins without the platform’s history.
Diligence that survives it
- Findings stay attached to the agreement, the risk, and the owner.
- Assumptions are recorded against the decision they supported.
- The 100-day plan opens from the risk record.
- The next add-on begins from the platform’s record.
Outcomes
See how every finding changes the deal.
Each source becomes reusable business understanding for every approved AI system the deal team uses — reducing repeated reading, duplicate model calls, and unnecessary token use across AI workflows.
Know what changed
Identify new files, revised terms, conflicting figures, and material updates since the last review.
Connect every workstream
Show when a legal, commercial, financial, tax, technology, or people finding changes another team’s analysis.
Trace every conclusion
Link investment claims and red flags to the exact agreement, model range, page, message, or meeting where the evidence appears.
Reuse prior experience
Bring permitted findings, questions, benchmarks, and outcomes from prior transactions into the current review.
Carry knowledge into ownership
Preserve the rationale, assumptions, risks, obligations, and commitments behind the deal.
Built on the available M&A ontology together with the Investment and Finance ontologies, extended by the firm’s own thesis, scoring framework, committee format, and sector vocabulary — without a separate model for every deal. Explore modular ontologies
The brief
Connect the red flag to its real economic impact.
“What could materially weaken the revenue case for Northstar?”
- The top customers represent a material share of forecast revenue.Quality-of-earnings workbook · customer concentration
- One agreement permits termination after a change of control.Customer agreement · §14.2
- Another forecast assumes an unsigned expansion.CRM pipeline · renewal discussion notes
- A recent service issue puts a major renewal at risk.Service escalation · management response
- Confirm consent requirements, re-underwrite the expansion, and complete the renewal discussion before final committee.Required action · owners assigned
Every conclusion links to the clause, workbook range, CRM record, call note, or management response behind it — and carries into ownership.
Illustrative example
Bring your business into every AI decision
Give every approved AI system the context to do its best work.
Connect the knowledge your organization already has. Preserve what it learns. Apply the permissions it already trusts. Make that understanding available wherever people and agents work.