NC Corporate
    Key figures

    What a mandate produces

    One real, anonymised mandate. Not a market average.

    The figures below come from a single anonymised buy-side consolidation mandate. They describe the origination depth observed on that mandate: companies mapped, validated and approached, owner conversations and non-disclosure agreements. They are not extrapolated and not turned into an average.

    What an origination mandate actually produces

    Real anonymised example from a buy-side consolidation mandate targeting companies with revenues between €50m and €200m. 50+ product × vertical × geography targeting combinations, re-screened every three months.

    Depth of one origination mandate
    1. 1 400+companies mapped
    2. 200+companies validated and approached
    3. 70+owner / executive conversations
    4. 15+non-disclosure agreements

    Real anonymised example from a buy-side consolidation mandate targeting companies with revenues between €50m and €200m.

    50+ product × vertical × geography targeting combinations, re-screened every three months.

    Data as of: September 2026

    How to read these figures
    These data come from a live mandate, fully anonymised. They are neither an average, nor a benchmark, nor a promise of outcome, and they indicate no completed acquisition.

    How these volumes are produced

    01

    Mapped

    The company enters the universe defined with the acquirer.

    02

    Validated

    It is retained after analysis against the acquisition criteria.

    03

    Approached

    The identified decision-maker is contacted directly.

    04

    Conversation

    A substantive exchange takes place with the owner.

    05

    NDA

    A non-disclosure agreement is signed to go further.

    Method note
    Volumes vary with sector, geography, acquisition criteria and market maturity. Nothing is extrapolated from this mandate, and no number of completed acquisitions is published.

    The published mandate perimeter

    • - Targets: companies with revenues between €50m and €200m
    • - Architecture: more than 50 product × vertical × geography targeting combinations
    • - Continuity: each market cell is re-screened every three months
    These figures describe coverage, not performance.

    Let us discuss your perimeter.

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