For investorsBy deal stage · Value creation
Turn the value-creation plan into EBITDA, not slides.
Multiple expansion no longer carries returns; margins have to. We build the baseline from the company’s own data, rank the levers in dollars and check every initiative weekly, so slippage shows while it can still be fixed.
The problemWhat goes wrong today
Plans are reviewed quarterly; margins move daily.
Value-creation plans are often a list of initiatives on slides, reviewed at board meetings. The baseline comes from management reporting, the levers are sized by benchmark, and nobody sees the slippage until the quarter is gone.
With longer holds and higher rates, every quarter of drift costs exit value.
What the benchmarks sayPublished research, with its source
What the research says.
- 10–12%yearly EBITDA growthnow needed for 2.5× in five years, vs 5% in the 2010s1 Bain & Company, Global Private Equity Report 2026
- 71%of buyoutsmissed their projected margins, by 330 bps on average2 Bain & Company, analysis of 65 mature buyouts against deal projections, 2019
- +2–3 ptshigher IRR, up tofor funds that prioritize operational value creation3 McKinsey, “Bridging private equity’s value creation gap”, 2024 (analysis of 100+ funds, post-2020 vintages)
How AIx2 helpsWhat changes with the company as built
Four things change.
Baseline from data
Margin bridge built from ERP, payroll and spend data.
Levers ranked by value
Pricing, procurement and process levers sized in dollars.
Owners and KPIs
Each initiative tied to a process, a KPI and an owner.
Live QA
Progress checked weekly, slippage flagged early.
How the work runsThe Five Step Method, in this setting
From read-only access to results, step by step.
- Weeks 1–2
Baseline from data
ERP, payroll and spend connected read-only; the margin bridge rebuilt from transactions.
- Weeks 2–5
Levers sized
Pricing, procurement and process levers found in the data and sized in dollars.
- Weeks 5–8
Initiatives owned
Each initiative tied to a process, a KPI and an owner, approved by the board.
- Weeks 8–10 and on
Weekly checks
Progress checked every week against the plan; slippage flagged while it can still be fixed.
Illustrative caseA worked example, with its arithmetic
$500M-revenue portfolio company in year two of the hold
Illustrative case: a worked example, not a client result. The arithmetic is shown below it.
The situation
Two years into the hold, the margin was 12% and the plan was behind. Initiatives were tracked quarterly, from management reporting.
What AIx2 did
- Rebuilt the margin bridge from ERP, payroll and spend data, every transaction rather than samples.
- Ranked pricing, procurement and process levers by their value in dollars.
- Moved initiative tracking from quarterly to weekly, each with an owner and a KPI.
BeforeWith AIx2
EBITDA margin
12% to 14%
Initiative tracking
quarterly to weekly
Spend and processes analysed
samples to 100%
Illustrative. +2 points of margin on $500M revenue = +$10M EBITDA a year; at an assumed 10× exit multiple ≈ $100M.
What you receiveThe deliverables
What lands on your desk.
- Margin bridge from transactions
- Lever list sized in dollars
- Initiative register with owners and KPIs
- Weekly progress and slippage report
More for investorsThe other deal stages and investor types
The same evidence, for every seat at the table.
- By deal stageDue diligenceSee how the target really runs, before you sign.$40M overpayment avoided
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- By investorLPs and endowmentsSee through every fund to the companies underneath.1,400 portfolio companies seen through
- By investorSovereign and state portfoliosLift the performance of state-owned companies, with transparency the public can trust.$60M lower costs a year