The analytical work that decides whether a transaction happens and on what terms. Valuation, financial modelling, diligence readiness and negotiation support — on either side of the table, in any sector we practise in.
Transactions are decided by the quality of the analysis behind them. A seller who cannot substantiate earnings gets re-traded in diligence. A buyer who has not modelled the downside overpays. A board without an independent view approves something it should have questioned.
This practice provides that analysis. We prepare valuations that stand up to scrutiny, build the financial models a deal is actually underwritten against, ready the financial story before a buyer's team arrives, manage the data room and diligence process, and sit alongside management through negotiation.
We work on both sides. Sell-side, the objective is a defensible file and a competitive process. Buy-side, it is knowing what the target is worth and where the risk sits before the LOI is signed. The analytical discipline is the same; what changes is whose interests it serves.
The practice supports every sector the firm covers and takes standalone mandates in any industry where the work is financial and strategic rather than operational.
Independent business valuations triangulated across income, market and cost approaches, prepared for boards, shareholders, counter-parties and counsel.
Preparing the financial story before a buyer's team arrives — normalisation analysis, add-back support and working capital review, so the first version a buyer sees has already been stress-tested.
Three-statement models, scenario and sensitivity analysis, and the operating models management uses to run the business after the transaction closes.
Positioning, confidential information memorandum, counter-party identification and outreach, and process management through to definitive agreement.
Acquisition search, target evaluation, valuation and structuring for strategic acquirers and platform builders running bolt-on programmes.
Data room build, information request coordination, and management of the diligence process so it does not consume the leadership team.
Term sheet and definitive agreement support alongside counsel, with the economics of each position modelled before it is conceded.
Analysis of what the post-transaction capital structure should look like and what is realistically financeable, including preparation of lender and investor materials.
Independent analysis and presentation support for boards and special committees evaluating a transaction or a set of strategic alternatives.
A selection of engagement highlights, not an exhaustive list. Client names, project names and property addresses have been removed and regions generalised, consistent with our confidentiality agreements. Unit counts and dollar figures are order-of-magnitude, drawn from underlying models on file.
Devan founded Triple Beam Advisors and leads every practice the firm runs. He has been instrumental in underwriting and advising on transactions with an aggregate value exceeding $1 billion, spanning debt and equity across real estate, operating companies and specialised sectors, and is among the more experienced advisors working in US cannabis finance. Prior to founding the firm he was a Senior Analyst with the Fiore Group, covering private equity and venture capital investments across real estate, entertainment, energy, technology and retail. He is based in Los Angeles.
Vinny specialises in real estate and Indigenous advisory. He has been instrumental in the underwriting and advisory of over $6.4 billion CAD in development projects across Canada, working with some of the country's largest developers across multifamily, commercial, mixed-use and master-planned developments. His work with First Nations communities and institutional landowners spans economic development strategy, acquisition, capital planning and development delivery. He began his career in construction materials and insurance M&A. He is based in Calgary.
Eduardo specialises in cannabis and employee ownership. He was a core contributor at Bengal Capital, where he supported over $200 million in transactions across seed stage, growth equity and hedge fund strategies, with a portfolio spanning some of the cannabis industry's most recognised names. He then moved into social-impact work, supporting the largest worker-owned home healthcare business on the West Coast and consulting on employee-ownership conversions across multiple sectors. A Harvard graduate, he is based in Baltimore.
The first conversation is exploratory and confidential. We listen, ask questions, and give you a straight answer on how we would approach it.