Mid-Market Roll-Up: When Synergy Is Real
Checklist for validating category roll-ups: integration math, pricing power, and culture risk.
TSHERING CAPITAL
Research-Led Advisory Studio — Pre-Launch
Independent analysis. Selective collaborations. Practical strategy.
What We’re BuildingAbout
Tshering Capital is a boutique initiative in formation. We develop clear, evidence-based perspectives on corporate combinations, capital formation, and special situations. Our goal is to bring the discipline of institutional finance to founder-led and mid-market contexts—without the noise.
Status: Pre-launch. Exploring conversations with executives, investors, and operators who value deep work, confidentiality, and speed.
How We Work
We anchor around three pillars: rigorous research, clean models, and decision-ready narratives. No buzzwords—just analysis you can act on.
Focus Areas
We are actively researching and selectively engaging across:
- ► Combinations & carve-outs (buy-side / sell-side analysis)
- ► Capital formation playbooks (equity/debt alternatives, readiness)
- ► Recapitalizations & special situations (independent options memos)
- ► Cross-border considerations (structure, currency, regulatory paths)
- ► ESG-materiality translation (signal vs. noise in real decisions)
Note: We are not soliciting, offering, or executing securities transactions. All materials are for informational and exploratory purposes.
Request an IntroWorking Notes
Capital Readiness Before the Ask
How to compress diligence friction: data rooms, KPI vocabulary, and credible bottoms-up models.
Special Situations, Simple Options
Independent option sets for boards: refinance, restructure, divest, or partner.
How We Build Trust
We operate with tight scopes, explicit confidentiality, and crisp timelines.
Scope
Define the decision, the data, and the deliverable.
Define the decision, the data, and the deliverable.
Depth
Primary/secondary research; model that mirrors reality.
Primary/secondary research; model that mirrors reality.
Clarity
One-page narrative; appendices for detail.
One-page narrative; appendices for detail.
Discipline
Milestones and pre-agreed calendar.
Milestones and pre-agreed calendar.
Confidentiality
NDA-first mindset; least-privilege data handling.
NDA-first mindset; least-privilege data handling.
Continuity
Handoff memos and update path.
Handoff memos and update path.
Representative Outputs
“Option Set” memo for a sponsor-backed platform: 3 scenarios, sources/uses, sensitivities, board-ready 10-pager.
“Capital Readiness” pack for a growth company: KPI glossary, cohort logic, diligence checklist, data room map.
“Cross-Border QuickScan”: structure paths, FX considerations, regulatory sequence, week-one risks.
Connect
We’re currently scheduling brief intro calls with operators, investors, and advisors who value deep, discreet work. If that’s you, say hello.
Email: hello@tsheringcapital.com
Location: New York, NY (meetings by appointment)
Compliance note: Tshering Capital is an advisory studio in formation. We do not offer or solicit securities transactions. Information is for discussion only.
Pre-Launch Collaborations
If you value independent thinking and clean analysis, let’s compare notes.
Start a Conversation