Emanay Roll-Up Advisory Program
Your Roll-Up Platform Here

From Platform Vision
to Executed Roll-Up.

A complete, multi-divisional advisory mandate that takes operators and capital partners from thesis through acquisition, financing, and platform close — without gaps.

Platform Architecture
Buy-Side M&A
Quality of Earnings
Debt Placement
CIM & Lender Packaging
SPV / ESV Structuring
3
Program Phases
6
Integrated Divisions
$20M+
Active Mandates
$50K
Base Program
Program Structure

How the Program Works

The Roll-Up Advisory Program is structured across three phases — each division activating in parallel, not sequence, to compress timelines and ensure every deliverable is lender- and investor-ready from Day 1.

Week 1
Week 1–2
Week 2–4
Week 3–5
Week 4–6
Week 5–8
Emanay Advisors
M&A & Strategy
Advisors
Mandate Activation
Roll-up thesis defined, acquisition criteria documented, target sectors confirmed
Advisors
Platform Design
HoldCo / OpCo structure mapped, SPV architecture planned, deal flow process initiated
Advisors
Target Sourcing
Proprietary deal flow activated, broker outreach, off-market screening underway
Pipeline Live
Advisors
Deal Screening
Targets reviewed against platform criteria, shortlist delivered with financial summary
Advisors
CIM Authoring
Confidential Information Memorandum drafted — platform narrative, financial thesis, lender story
Advisors
Lender Readiness
CIM finalized, teaser blinded, lender universe mapped, outreach materials prepared
CIM Ready
Emanay Law Group
Legal & Structuring
Law Group
Entity Architecture
HoldCo, SPV/ESV stack formed, EINs registered, governance structure designed
Law Group
Operating Agreements
OA, intercompany agreements, shadow interest structures, voting mechanics drafted
Law Group
NDA Management
Deal NDAs executed with all counterparties, confidentiality protections in place
NDAs Live
Law Group
Lender Legal Prep
Lender representations, warranties, and compliance documentation drafted
Law Group
Data Room Build
Data room structured, indexed, and populated — legal and corporate docs organized
Law Group
Compliance Review
Regulatory compliance mapped per sector, deal-specific legal risks identified and cleared
Legal Ready
Emanay Accounting
Finance & QoE
Accounting
Financial Infra
Platform-level financial model initiated, KPI framework and debt service schedules built
Accounting
Pro Forma Build
Consolidated pro forma across all targets, EBITDA normalization initiated
Accounting
QoE Prep
QoE framework established, historical book requests sent, add-back schedule drafted
Underwriting
Accounting
CIM Financials
Financial exhibits prepared for CIM — GAAP-compliant, lender-formatted
Accounting
Debt Service Model
Credit facility model built — DSCR, coverage ratios, covenant compliance analysis
Accounting
Lender Package
Full financial data room package — 3 years historical, 12-month forward model
Package Ready
Emanay Capital
Capital Markets
Capital
Standby
Capital markets strategy developed, lender universe mapping initiated in parallel
Capital
Stack Design
Senior debt, mezzanine, and equity co-invest layers sized and structured
Capital
Lender Universe
Target lenders identified, prioritized by fit, sector specialization, and terms
Capital
Teaser Prep
Blinded teaser finalized for initial lender outreach — structure, thesis, financials
Outreach Ready
Capital
Lender Outreach
Teasers distributed, NDAs executed, CIM delivered to qualified lenders
Capital
Term Sheets In
Initial IOIs and term sheets received, comparative analysis delivered to client
Terms In
Phase I Outcome — Platform Will Have
A fully structured, lender-ready platform with a live CIM, institutional financial package, data room, and term sheets in hand.
CIM Delivered
Legal Architecture
Financial Package
Term Sheets
Platform Ready ✓
Emanay Advisors
Emanay Advisors
Deal Execution
LOI drafted and delivered to seller
Price, terms, and exclusivity negotiated
Parallel targets advanced simultaneously
Seller management and process control
Weekly deal status review with client
Emanay Accounting
Emanay Accounting
QoE & Due Diligence
Quality of Earnings on each acquisition target
EBITDA normalization and add-back schedule
Revenue quality and customer concentration review
Working capital peg and net debt analysis
Historical bank reconciliation and book review
Emanay Law Group
Emanay Law Group
Acquisition Legal
Purchase and sale agreement drafted and reviewed
Legal DD — title, contracts, litigation review
Representations, warranties, and indemnities
Escrow and closing mechanics structured
Lender legal coordination and sign-off
Emanay Capital
Emanay Capital
Lender Negotiation
Term sheet comparison and analysis delivered
Rate, covenant, and draw structure negotiated
Lender due diligence coordination
Commitment letter review and execution
Closing conditions and funding timeline confirmed
Emanay Capital
Emanay Capital
Close & Capital Deployment
Closing conditions confirmed across all targets
Capital drawn and deployed at close
Title transfers and entity vesting completed
Post-close integration plan activated
Operational governance and KPI framework live
Emanay Accounting
Emanay Accounting
Reporting & Platform Infrastructure
Monthly close cadence activated across platform
Consolidated P&L and balance sheet reporting
Lender compliance and covenant reporting
Investor reporting dashboards live
Capital tracking and deployment reconciliation
Emanay Advisors
Emanay Advisors
Next Acquisition Pipeline
Platform criteria updated post-close
Next target sourcing reactivated
Incremental facility draw or refinancing explored
Add-on acquisition underwriting initiated
Scale plan and expansion governance activated
Live Mandate

What this looks like
in practice.

An active Emanay roll-up advisory mandate — a $20M senior secured credit facility structured to acquire and consolidate multi-state operator assets across a regulated industry vertical. Client identity confidential under NDA.

Active Mandate — Regulated Industry Roll-Up
Multi-State Operator
Platform Acquisition
Emanay is running the full sell-side and capital markets mandate for a multi-state operator's platform acquisition of a vertically integrated target — financed through a $20M senior secured credit facility with a specialist institutional lender. All four Emanay divisions are engaged across CIM production, QoE, legal structuring, and capital placement.
Advisors
Law Group
Accounting
Capital
View Full Case Study →
Available under NDA — contact the Emanay team to request access.
Facility Size
$20,000,000
Senior Secured
Structure
Credit Facility → Acquisition
Active
Acquisition Target
Vertically Integrated — Multi-State
Under Mandate
Deliverables Produced
CIM · QoE · Financial Model · Legal
In Progress
Lender Type
Specialist Institutional Lender
Institutional
The Emanay Ecosystem

One Engagement.
Six Divisions. Zero Gaps.

Every practice coordinates in real-time from Day 1 — legal, financial, advisory, capital, technology, and real estate moving in parallel so nothing falls through the cracks.

Emanay Advisors
M&A · Strategy · Deal Execution
Platform thesis and acquisition criteria
Target identification and sourcing
CIM and teaser authoring
LOI drafting and negotiation
Due diligence coordination
Post-close integration oversight
KPI monitoring and governance
Emanay Law Group
Legal · Compliance · Structuring
HoldCo / SPV / ESV entity formation
Operating and intercompany agreements
Purchase and sale agreements
Lender representations and warranties
Data room organization and management
Regulatory compliance mapping
Post-close corporate governance
Emanay Accounting
Finance · QoE · Lender Packaging
Quality of Earnings on each target
EBITDA normalization and add-backs
GAAP-compliant financial preparation
Consolidated platform financial model
Debt service and coverage analysis
Monthly close and investor reporting
Lender financial package and data room
Emanay Capital
Capital · Placement · Structuring
Capital stack design and optimization
Institutional lender universe mapping
Debt placement preparation and execution
Term sheet review and negotiation
Equity structuring and investor onboarding
Financial packaging for lenders
Ongoing capital access advisory
Emanay Technologies
Technology · Digital · Infrastructure
Technology strategy and stack advisory
Digital infrastructure build and deployment
SaaS and platform product development
Data room and document management systems
Automation and workflow optimization
Post-close technology integration
Cybersecurity and compliance infrastructure
Emanay Realty
Real Estate · Brokerage · Advisory
Commercial and industrial real estate advisory
Sale-leaseback structuring and execution
Real estate collateral analysis for lenders
Property acquisition and disposition
Lease negotiation and restructuring
Real estate due diligence coordination
Portfolio real estate strategy
01
Speed
Parallel workstreams compress timelines. CIM, legal, QoE, and lender outreach advance simultaneously — not in sequence.
02
Control
One firm manages all parties — no misaligned incentives or communication gaps between advisors working separate mandates.
03
Lender Alignment
Every deliverable is structured from Day 1 to satisfy institutional lender and investor underwriting standards — no rework.
04
Scalability
The platform infrastructure built for the first acquisition becomes the operating system for every deal that follows.
Why Emanay

You're Not Paying
for an Advisor.
You're Replacing Five of Them.

Most roll-up operators piece together a broker, a law firm, a QoE firm, a placement agent, and an M&A advisor — each billing separately, none accountable to the same outcome. Emanay replaces every one of them.

Separate Vendor #1
M&A Advisor / Investment Banker
Deal origination, CIM authoring, lender outreach, LOI negotiation — retainer plus a success fee with no accountability to deal structure or lender outcome.
✗
Emanay AdvisorsEmanay Advisors
Your Transaction Lead
Platform thesis, target sourcing, CIM and teaser production, LOI negotiation, and DD coordination — mandate-aligned, milestone-based, no retainer.
✓
Separate Vendor #2
M&A Law Firm
Entity formation, SPV structuring, PSA drafting, legal DD, lender representations — hourly billing, no visibility into deal economics or capital structure.
✗
Emanay Law GroupEmanay Law Group
Your In-House Legal Team
Full entity architecture, all agreements, PSA drafting, lender legal documentation, data room management, and ongoing governance — embedded in the deal from Day 1.
✓
Separate Vendor #3
QoE Firm / CPA
Quality of Earnings, EBITDA normalization, 12-month modeling, lender financial packaging — scoped engagement per target, no deal alignment.
✗
Emanay AccountingEmanay Accounting
Your Financial & QoE Infrastructure
QoE on every target, GAAP financials, consolidated platform model, debt service analysis, monthly close, and lender-ready financial packaging — all integrated.
✓
Separate Vendor #4
Capital Placement Agent
Debt placement, lender introductions, term sheet negotiation — a commissioned engagement layered on top, incentives misaligned to deal structure.
✗
Emanay CapitalEmanay Capital
Your Capital Markets Partner
Capital stack design, institutional lender universe, teaser and CIM distribution, term sheet negotiation, and commitment letter execution — mandate-aligned.
✓
Separate Vendor #5
Financial Writer / CIM Boutique
CIM authoring and lender packaging — outsourced with no deal context, no financial data access, no accountability to the transaction outcome.
✗
Emanay AdvisorsEmanay Advisors
Your CIM & Lender Narrative Team
CIM and teaser produced in-house by the same team running the mandate — built on real QoE data, real deal structure, and real lender feedback loops.
✓
Traditional Approach
Fragmented.
Expensive.
Misaligned.
Five separate vendors — none talking to each other, none accountable to your outcome.
The Emanay Engagement
Integrated.
Milestone-Based.
Aligned.
One engagement. Every discipline. You only pay when outcomes are delivered.
Six Teams
One Fee
Zero Gaps
Start Your Mandate
Ready to Build
Your Roll-Up Platform?
Schedule a call with the Emanay team. We'll assess your platform thesis, capital position, and target universe — no charge.
Schedule a Consultation