Pre-LoI Target Screening
A pre-LoI screen of your target, built entirely from evidence the seller doesn't control, delivered early enough that deal fever can't bend your judgment.
We don't replace your due diligence. We aim it.
The Problem
01
A well-run sell-side process isn't dishonest. It's selective. The seller decides what goes in, how it's framed, and which cut of the numbers tells the cleanest story. Everything in the room is true. The risk lives in what's absent, what's been averaged until the pattern disappears, and what's framed as a deliberate choice rather than a liability waiting to surface.
02
Once you're in exclusivity, the incentives quietly invert. Fees are running. The team has been told to get it done. Your name is on it. Due diligence stops asking should we? and starts asking how do we get comfortable? Red flags become "manageable." The whole process is built to close, not to kill.
There is one window where you can still see clearly and act freely: before the LoI. That's the only moment we work in.
What You Get
01
Evidence-backed, specific questions the data room is structured never to prompt — the ones you won't reach by reading the CIM. You walk into the first meeting already knowing where the soft spots are. How management responds becomes signal in itself.
02
A risk rating per area, with a recommended depth of diligence for each. We tell your QoE, legal, and commercial teams where to dig, and where they're safe to move fast. Your DD budget gets spent against evidenced risk, not habit.
03
The findings that aren't "investigate further" but "reprice or walk away" — caught before the LoI, before the fees, before the momentum. The one deal this stops you from doing pays for every screen that green-lights one.
The Method
We reconstruct the target's true unit economics from the outside in, across the gross-profit waterfall — GP1 (product), GP2 (fulfilment, returns, payments), GP3 (service and marketing) — plus the fixed-cost step-changes and compliance risks that sit outside the margin line.
Our evidence originates where the seller has no control: customer reviews audited for patterns of operational failure, live-site pricing and checkout mechanics, delivery performance, consent and advertising practices, and corroborating third-party data. Where what customers report diverges from what the room would show, that gap is the finding.
The output isn't a number we ask you to trust. It's a sharper set of questions, a clearer map of risk, and an honest early read on whether this deal deserves your LoI at all.
It's a screen: directional, evidenced, early.
It informs a go/no-go and focuses the real work that follows. It does not underwrite the deal, and it does not catch everything a full diligence will. It catches the things the room was never going to show you, while you can still act on them.
Engagement Protocol
To protect the absolute integrity of your transaction pipeline, Tronvik does not process target identities, company names, or URLs through web forms or interactive scripts.
Initial Contact
Initiate via corporate email to info@tronvik.com. Provide your fund identity. No target company names or URLs at this stage.
Conflict Clearance
Tronvik performs an immediate internal conflict check based solely on your fund identity. No target information is required or accepted.
Master MNDA Execution
Issuance and execution of our standard Master Mutual NDA, protecting both your pipeline intent and Tronvik's proprietary screening methodology.
Secure Channel & Target Deployment
Post-MNDA execution, a secure direct channel is opened. Target URLs are deployed through this channel only — never via email or public-facing tools.
Deliverables
Management-meeting questionnaire, risk-scoped DD brief, and back-out flags — within 7 business days of target deployment. Encrypted, password-protected PDF via secure channel.
Start the Process
One email starts the process. No web forms. No scripts. No target names until your MNDA is in place.
Screen a target →Corporate email preferred · Response within one business day