Defence · price the deal

What risk is hiding under the headline numbers in the data room?

A vendor data room shows you the target’s tier-1 and its contracts. It won’t show you the concealed concentration deep in the chain — the dependency you’d inherit at completion.

Settled as the Acquisition Evidence Pack

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The exposure

Confirmatory diligence stops where the data room stops. The concentration that matters — the shared sub-tier sole-source, the foreign-controlled part, the ownership exposure — usually sits below it, and surfaces after close. Supply-chain dependency, never price or return.

What the Acquisition Evidence Pack settles

What you’d actually inherit at completion.

What are you really buying?

The dependency and ownership concentration a vendor data room won’t surface — traced to the public record.

Where is the target single-threaded?

The sub-tier the diligence stops short of — including across the target’s separate contract lines.

How sure are we?

Each finding graded against the published standard — supply-chain dependency, never price or return.

Typical reader: a corporate-development or private-capital deal team.

Why now

Diligence has no published source for the dependency question.

Defence M&A is running hot while confirmatory diligence has no published source for the dependency questions inside a target — and a control change can now feed straight into a national-security screening or a procurement exclusion. See what changed →

What risk is hiding under the headline numbers in the data room?

What you’d actually inherit at completion.

Diligence has no published source for the dependency question.

Name the target you’re pricing.