Ithron

Full-service investment banking. Sell-side and buy-side M&A. Private Placements: Capital raises for equity and debt. Restructurings and other situations. 

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Quality of process determines quality of outcome. Full-service M&A advisory for strategic and financial acquirers and sellers — sell-side and buy-side, whole or partial transactions. Includes fairness opinions, business combinations, tender offers, divestitures, reorganizations, and asset sales.

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Sell-Side M&A

Full sell-side processes for founders and shareholders ready to explore a transaction. The quality of the process — preparation, positioning, buyer selection, negotiation — determines what you walk away with. Ithron manages it from first conversation through close.

• Pre-process preparation: positioning the business to maximize value before any buyer sees it

• Buyer universe development: strategic acquirers, financial sponsors, and non-traditional buyers identified and prioritized for your specific deal profile

• Confidential Information Memorandum, management presentation, and supporting materials

• Controlled outreach: phased, confidential, structured to create competition rather than desperation

• Management meetings, buyer Q&A, and process management

• LOI evaluation: price, structure, earnouts, reps and warranties, closing conditions

• Diligence management: organizing the process, protecting sensitive information, controlling pace

• Purchase agreement coordination and close

• Post-close transition support​​​

 

Buy-Side M&A

For companies and financial sponsors using acquisitions as a growth strategy.

• Acquisition strategy and target criteria definition

• Proprietary target identification and outreach — including sectors where Ithron has operating relationships

• Commercial and financial diligence: market, competitive position, revenue quality, unit economics, systems

• Valuation and deal structure analysis

• Negotiation strategy and LOI support

• Integration planning: commercial, financial, systems, and people

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Private Placements: Capital Raises

Equity and debt raises, from the first institutional round through growth capital. Registered representative capacity.

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Equity raises

• Capital strategy: how much to raise, from whom, at what structure, and whether now is the right time

• Investor targeting: a prioritized list of the right funds, growth equity firms, strategics, family offices, and Strategic HNW/Angels — not a generic blast

• Narrative and materials: pitch deck, financial model, positioning memo, data room, management presentation

• Process: outreach, scheduling, follow-up, term sheet coordination

• Negotiation: economics, protective provisions, board composition, closing conditions

• Close: coordinating counsel, managing conditions, getting it done

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Debt raises & structured financings

• Venture debt and growth lending

• Convertible notes and SAFE instruments

• Revenue-based financing for recurring revenue models

• Bridge financing and pre-transaction capital

• Recapitalizations and structured minority transactions

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Restructurings & Other Situations

• Financial restructuring: working with lenders, shareholders, and boards to find a path forward

• Operational turnaround advisory alongside financial restructuring

• Distressed asset sales and divestitures

• Carve-outs and spin-outs

• Fairness Opinions

• Tender Offers

• Professional Partner & Banker Selection for larger deals 

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Commercial & Financial Diligence

For acquirers evaluating a target, or companies preparing to be acquired. Conducted with operating familiarity with the business models that make up this market.

• Commercial: market sizing, competitive position, customer quality and concentration, GTM sustainability

• Financial: revenue quality, contract mechanics, unit economics, cost structure, working capital

• Systems and data: CRM quality, data infrastructure, commercial tech stack — the operational signals financial statements don’t capture

• Integration planning: what will you do with this business after you own it, and what will it take

 

For Funds & Portfolio Companies

Venture firms, PE sponsors, and family offices often need investment banking and advisory capability for portfolio companies that sits between what the fund provides directly and what a large bank will touch. Ithron works in that space — with portcos at the $5M–$50M revenue stage across M&A, capital raises, and the strategic and commercial work that precedes both.

Engagements are introduced by the fund and run directly with the portfolio company. Scope ranges from a focused Sprint to a full transaction mandate.