Written by operators.
Lower-middle-market M&A writing by operators.
Notes on lower-middle-market M&A from the team running deals on the platform we build. No thought leadership. No "10 tips." Just what we’ve learned closing the deals in front of us.
The M&A NDA template we use on every $5–50M deal (with downloadable .docx)
The mutual NDA template we use to open every lower-middle-market M&A conversation — annotated section by section. Downloadable .docx included. Written by Scott Hauck, Managing Partner at Legacy Capital Fund LP.
GF Data charges $3K a year. We ship the same thing native.
The LMM benchmark database has been a $3K/yr quarterly PDF for 15 years. Arendel builds the same dataset live from platform deals — and it's included.
The 5 clauses that kill LMM deals
Working capital pegs, indemnification baskets, non-competes, earnouts, and R&W survival. What breaks LMM deals late and how to negotiate each one.
Why we built our own deal platform
Six tools per deal, context lost at every handoff, and a $3K/yr PDF report we could rebuild native. So we did. The founding story of Arendel.