Pre-diligence intelligence

Clarity before capital.

Institutional-grade target screening in three days. Built on the Forge, our adversarial research pipeline, and signed by a senior strategist.

Inquire →See the work
01
What we deliver

Two deliverables. One discipline.

Built for private equity sponsors. Each engagement produces a single artifact, fully sourced and adversarially tested.

Deliverable A

Sector Analysis

The counterweight to the banker's market.

For sponsors with a thesis but no specific target. Maps market structure, fragmentation, competitive dynamics, regulatory environment, and produces a ranked target shortlist with preliminary screening criteria.

Where should I look for opportunities in this space?

Anatomy
  • Executive SummaryThesis verdict, top opportunities, pursuit priorities
  • Thesis & Market LandscapeStructure, fragmentation, consolidation dynamics
  • M&A & Comparable TransactionsDeal activity, valuation benchmarks, precedent deals
  • Regulatory & PolicyPolicy, reimbursement & compliance risk
  • Dissenting SignalsContrarian evidence challenging the consensus view
  • Stress Test BreakpointsThreshold-based downside stress tests
  • Target Shortlist & Exit PathwaysRanked candidates, first-call questions, exit routes
  • Diligence Roadmap & IntegrityWorkstreams, confidence, adversarial review
40+
Pages
Deliverable B

Preliminary Target Assessment

The counterweight to the banker's book.

For sponsors with a specific target in mind. Evaluates the business against its market, its financials, and its risks, and delivers a pursue-or-pass verdict with the conditions the IC needs to test first.

Should this target enter formal diligence?

Anatomy
  • Executive SummaryRecommendation, deal snapshot, top condition
  • Target & Market ContextBusiness model, scale, competitive landscape, moat
  • Financial AnalysisRevenue, EBITDA, cash conversion, leverage, valuation
  • Deal Thesis & RoadmapBull/base/bear scenarios, prioritized workstreams
  • Operational AssessmentScalability, tech leverage, integration track record
  • Risk AnalysisPrioritized risks, quantified impact, DD triggers
  • Key AssumptionsSensitivity-ranked with evidentiary basis
  • Stress Test & IntegrityThreshold breakpoints, adversarial review, sources
30+
Pages
02
Where Golwen sits

Before the first commitment.

Both deliverables land in the opening stretch of a deal's life.

Pre-commitment
  • Thesis
    Sector Analysis
    Before the hunt.
  • Teaser
  • CIM
    Preliminary Target Assessment
    When the book arrives.
  • Indicative
First commitment
  • Mgmt Mtgs
  • Binding / LOI
  • Exclusivity · DD
  • Close

Everything right of the line costs six figures or more. Golwen works left of it.

3
Days from kickoff to report
$30–60K
Loaded associate time displaced · Per target
4,900+
Primary-source documents in corpus
Source · Loaded associate time calculated from Heidrick & Struggles 2025 North America Private Equity Compensation Survey
03
How it works

Research → Review → Verify.

A structured pipeline. The Forge assembles evidence at machine speed; a senior strategist owns the judgment.

01 · Research

Multi-source evidence assembly.

Specialized AI analysts run multi-lens research across a proprietary corpus of primary sources: SEC filings, CMS, FTC/DOJ, FDA, OIG, court records, trade press, and academic research. Every claim traces to a citation.

02 · Review

Adversarial stress-testing.

Findings are challenged before they reach you. Dedicated red-team and contradiction-detector agents hunt for logical gaps and hidden assumptions. Stress tests find the thresholds where the thesis breaks.

03 · Verify

Senior sign-off.

A senior strategist reads every deliverable before it goes out, checks the analytical logic, and sharpens the narrative. Nothing ships unsigned.

04
Why Golwen

Engineered, not prompted.

Four operating principles that govern every engagement.

Principle 01

Purpose-built for pre-diligence.

The platform runs a dependency-graphed agent topology, a primary-source corpus with tiered authority weights, and adversarial gates baked into the orchestrator. Anyone can call an AI model. The value is the layer in between: how agents are scoped, how they hand off, and how output is challenged before it ships.

Principle 02

Evidence-grounded.

Every claim cites a primary source. Tiered citations distinguish government data from company filings from secondary research, so you always know the weight behind each finding.

Principle 03

Adversarially tested.

Red-team review and stress testing ship as appendices with every report. Showing the work is part of the product.

Principle 04

Machine speed, senior judgment.

The platform handles source gathering and cross-referencing. A senior strategist reviews and refines every deliverable. Machine speed, with a person accountable for every page.

05
About

The work behind the seal.

Golwen Advisory is a solo-founder firm built around a structured research discipline and a single signature on every deliverable.

Justin Adams, Founder of Golwen Advisory

Justin Adams

Founder · Golwen Advisory

Justin spent seventeen years in healthcare, nearly a decade of it in Fortune 5 strategic leadership, operating inside the businesses sponsors buy. He built Golwen because pre-diligence research is structurally underserved: too important to skip, too expensive to do well at traditional consulting rates. The wedge is a purpose-built AI platform that handles evidence assembly at machine speed, paired with senior strategist judgment on what the evidence means.

LinkedInjustin@golwenadvisory.com
06
Inquire

Begin a conversation.

Tell us what you're evaluating.

Engagements can begin with just a 30-minute scoping conversation. We define the research question, identify comparable peers, and frame the central comparative axis before the work begins. The quality of that scoping call determines the quality of the report.

Pricing, sample deliverables, and the full methodology are shared on that call.

justin@golwenadvisory.com