Qapital · Advisory

Where value is decided.

Advisory for mid-market companies and corporates at the moments that determine value: an ownership change, margin under pressure, growth that has stalled, a decision too big to get wrong.

TYPICALLY €10–100M REVENUE
QAPITAL · ENGAGEMENT
LIVE
ANONYMIZED · ILLUSTRATIVE
Industrial · Family-owned
EBITDA BRIDGE · €M0.0m
STARTPRICINGCASHPROCESSRESULT
EBITDA margin9%13%
Working capital days6238
Cycle time31d19d
Situations

The moments we are brought in.

Most engagements start in one of five situations. If yours is on this list, the conversation will be short and concrete.

DEAL VALUE → DELIVERED VALUE
POST-ACQUISITION01

Ownership has changed

The deal closed. Now the plan has to happen.

The investment case becomes an operating plan: first hundred days, value levers, owners, and integration that shows up in the P&L.

100-DAY PLANPMISYNERGY CAPTUREOPERATING MODEL
EBITDA MARGIN · BY QUARTER
PERFORMANCE02

Margin is leaking

Profit erodes and the reporting does not say where.

We build the fact base by area, across cost, price, and working capital, then lead the work that closes the gap.

COST BASEPRICINGWORKING CAPITALPROCESS
REVENUE · ACTUAL VS POTENTIAL
GROWTH03

Growth has stalled

The market kept moving. The company did not.

We name the culprits, stale pricing, churn, mix, sales productivity, and sequence the few moves that compound.

STALE PRICINGCHURNMIXSALES PRODUCTIVITY
THE CALL · TWO OUTCOMES
DECISIONS04

A decision too big to get wrong

Invest, divest, reorganize, replace.

Evidence plus a behavioral read of how judgment fails under pressure, so the call is made on facts, not the loudest voice.

INVESTMENT CASEDIVESTMENTREORGANIZATIONSUCCESSION
ENTERPRISE VALUE · TO EXIT
VALUE BUILD05

The exit is two years out

Worth more, provably, by the time buyers look.

A value plan with proof behind it: improvements a diligence team can verify, and the change management to make them stick.

EXIT READINESSEQUITY STORYQUALITY OF EARNINGSCHANGE MANAGEMENT
Try the math

What would it be worth?

Move the sliders. Every assumption is visible, and the diagnostic replaces them with your numbers.

YOUR COMPANY
THE SCENARIO
ENTERPRISE VALUE · ILLUSTRATIVELIVE
Value unlocked in this scenario
+€7.1m
Value today€19.8m
After margin work plus cash released€26.9m
EBITDA × MULTIPLE
+€5.5m
CASH RELEASED
+€1.6m

Arithmetic, not a promise: revenue × margin × multiple, plus working capital days converted to cash. The multiple is held constant. Whether the uplift exists in your business is exactly what the diagnostic establishes.

Replace the assumptions with your numbers
Method

Diagnose. Design. Deliver.

Every engagement runs through the same three stages, scaled to the situation: from a four-week diagnostic to multi-quarter delivery.

01WEEKS 1–4

Diagnose

The business is read with the leadership team across numbers, customers, operations, and organization. The output is a short, opinionated diagnostic: what works, what does not, and where the leverage sits.

02WEEKS 4–12

Design

The plan is co-authored with the team that will run it. Specific, sequenced, measurable. A handful of decisions, owners, milestones, and the leading indicators that show drift early.

03ONGOING

Deliver

We stay in the room until the change is real. Embedded, part-time, alongside the team. Engagements end when the business runs the plan without us, not at the end of a slide deck.

THE WORK CONCENTRATES IN FOUR AREAS
Growth
Commercial strategy, pricing, unit economics
Performance
Margin, cash, working capital, process
Decision-making
Judgment, bias, governance of the big calls
Organization
Structure, cadence, accountability
Flagship

The Value Diagnostic.

Three weeks, fixed scope, fixed fee. The diagnostic reads the whole business, across numbers, customers, operations, and organization, and returns where the value sits, what blocks it, and what to do in which order.

It stands on its own. Most delivery engagements start here, but the plan is yours either way.

Scope the diagnosticSCOPED IN ONE CALL · FEE AGREED BEFORE WE START
WHAT YOU RECEIVEWEEK 3
01
Fact base

Where value sits and where it leaks, by area, with every assumption shown.

02
Value map

The upside quantified and stress-tested. In euros, not adjectives.

03
Sequenced plan

Moves, owners, milestones, and the leading indicators that show drift early.

04
Decision memo

A short, board-ready recommendation: what to do, what not to do, and why.

The practice

A different shape of firm.

Qapital is built to be small on purpose: research-grounded in how it reads a business, operator-grounded in how it changes one. Three standards hold across every engagement.

Few engagements at a time

The people who scope the work do the work. Nothing is handed down to a bench, and nothing is stretched across more clients than it can carry.

Evidence over opinion

The method is grounded in doctoral research on investor decision-making and quality indicators, and in twenty-five years of operating across growth-stage, mid-market, and post-acquisition environments.

We stay until it lands

Engagements end when the business runs the plan without us. Recommendations that die in a binder are a cost, not a service.

The analysis behind our work runs on Qapital.ai, our proprietary intelligence platform for private markets.

QAPITAL ADVISORY & ACQUISITIONS B.V.
Contact

Discuss an engagement.

Outline the situation and the timeline. We reply the same business day. If we are not the right firm for it, we will say so and point you to who is.

30-MINUTE INTRO CALLNO OBLIGATION
PICK A DAY
PICK A TIME · CET
Pick a day and a timeWe confirm by reply the same business day.
SINGEL 268 · 3311 HK DORDRECHT · NETHERLANDS