Engagement
A fixed fee, agreed before work begins.
Day 0
Scoping call
30 minutes with the deal lead
Day 0
Engagement letter
Fixed fee agreed before work begins
Day 0 to 1
Data room seat
Named advisor seat, download rights
Business day 3
First report and walkthrough
All six deliverables
Until closing
Updates
Included in the fee
At closing or termination
Deletion
Data room copies, confirmed in writing
Terms of engagement
FirstSounding is engaged by the buyer, or by a lender financing the acquisition, as an advisor on the deal. We sign your NDA, run conflict checks, and issue a short engagement letter with a fixed fee before work starts. We do not work for sellers and do not host data rooms.
Inclusions
Every engagement includes the full analysis and the full report: the red-flag report, price-impact ranges, follow-up list, LOI assumption table, growth-potential analysis, exit analysis, a walkthrough call, and updates until closing. Sector modules are included where they apply.
Fees
Fees are fixed per deal and depend on the size of the deal and the data room. A quote follows the scoping call.
01
Multi-deal bundles
Firms with a steady deal flow can prepay for several deals at a lower per-deal fee.
02
Reliance letters
If a lender or insurer needs to rely on our work, we can arrange a reliance letter as an add-on.
Fee allocation
The engagement letter accommodates payment by the fund, allocation to the deal at closing, or treatment as a broken-deal cost.
Related
Discuss a transaction under LOI.
Share the sector, the deal size, and the end of exclusivity. We respond within one business day with an assessment of fit and the proposed scope of the report.