UC-406
Value-Creation Plan vs Underwriting Case
Tracks each portfolio company's value-creation initiatives against the case the investment committee underwrote, and flags what is drifting.
TBDBuild Duration
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The Challenge
The value-creation plan is agreed at close in a deck and never again compared line by line to the underwriting model. Slippage surfaces at the next board meeting, from whatever management chose to report.
How It Works
- Reads the underwriting model, value-creation plan, board packs and monthly management accounts.
- Maps each initiative to the EBITDA line it was underwritten to move and measures the gap.
- Gives the operating partner a per-company initiative status with the value still at risk.
What It Removes
- Manual comparison of board packs to the deal model
- Chasing initiative owners for a status update
- Reconciling management reporting to underwriting lines
Input Data RequirementsUnderwriting model and investment committee paper, value-creation plan, board packs, monthly management accounts, initiative owners, deal playbooks
Output FormatPortfolio-wide initiative tracker showing value delivered against the underwritten case, the drift by company and the owner of each gap
“We underwrote forty million of margin improvement across nine initiatives and we cannot tell you today which ones are real.”