Know What’s Really Inside the Deal Before You Close.
You run rigorous financial, legal, and commercial diligence. Organizational dysfunction stays invisible until after the wire clears. Privagent surfaces it first: confidential, anonymized, in days.
The cost of getting it wrong
50–70%
of M&A value destruction traces to culture and people issues that traditional diligence misses.
43%
of deals delayed, repriced, or killed by culture issues
Mercer, 4,000+ deals
~50%
of PE transactions see a leadership change
Kearney
The risk diligence was never built to find.
Financial, legal, and operational diligence map the numbers. They don’t reach the people who actually run the business.
It's not the numbers. It's the org.
Between half and two thirds of M&A value destruction traces back to culture and people, not the financials you already scrutinize.
You see the deck, not the org.
Management teams present polished narratives. The people closest to the work rarely tell an acquirer what is actually breaking.
The clock starts at close.
Roughly half of PE deals involve a leadership change. Cultural landmines surface exactly when the first 100 days decide the return.
Confidential conversations your portfolio actually trusts.
No surveys to ignore. No names attached. A read on organizational health you can bring to the next board meeting. See what diligence misses for the full thesis.
Confidential interviews
An agent holds real, confidential conversations with portfolio company employees: the kind people will not commit to a traceable survey or say to management.
Pattern synthesis
The platform synthesizes patterns across the organization: friction, leadership misalignment, concentration risk. Findings are anonymized. Reports surface patterns, not people.
Intelligence report
You receive a clear read on organizational health with prioritized findings and recommended actions. Turnaround is measured in days, not weeks.
Ongoing signal
Re-run between board meetings or quarterly to track trajectory: whether the fixes are landing, and where new friction is forming across the portfolio.
Intelligence you can act on before the next board meeting.
Every engagement delivers six tangible outputs, synthesized from confidential conversations across the organization.
Organizational Friction Map
Where work actually slows down, across departments and workflows, with the bottlenecks ranked by impact.
Leadership Alignment Summary
Where the management team is genuinely aligned, and where assumptions and priorities are quietly diverging.
Hidden-Risk Register
Key-person dependencies and concentration risks the data room never shows: the knowledge that walks out the door if one person leaves.
Anonymized Sentiment Signal
How the organization actually feels about direction, leadership, and change, reported as patterns at the department and org level.
First-100-Days Priority Matrix
What to fix first, sequenced by impact and effort, so the value creation plan starts on ground truth instead of guesswork.
Operational Friction & Margin Findings
The process gaps and rework that quietly bleed margin, mapped to where EBITDA is leaking and where it can be recovered.
An unfiltered signal across the portfolio.
The first report is the starting line. The value sits in watching the trajectory between board meetings.
Quarterly clarity cycles
Re-run discovery on a cadence that matches your board rhythm, so the picture stays current instead of going stale after close.
Trajectory tracking
See whether the changes are landing with the people who have to live them, reported as anonymized patterns over time.
Pre-exit readiness
Surface the organizational story before you take the company to market, so there are no surprises in the buyer's diligence.
Portfolio-wide patterns
Compare anonymized signals across portcos to spot the systemic risks that repeat, and the playbooks that travel.
Built for trust. That is why employees talk.
The intelligence is only as good as the candor behind it. Everything here is designed to earn that candor.
Anonymity is absolute.
No transcript ever reaches the portfolio company. Reports surface anonymized patterns, never individuals. It is a hard line, not a setting that can be turned off.
Employees tell an agent what they won't tell you.
AI-powered confidential interviews surface the candor that surveys, town halls, and management channels never reach. More on what employees tell an AI.
Days, not a 16-week project.
No consulting army, no six-figure engagement, no months of interviews. Ground truth in days, in time for the decision you are actually making.
One lens across the whole portfolio.
A consistent, comparable read on organizational health across every portfolio company, so you can see which risks are isolated and which are systemic.
Which portfolio company keeps you up at night?
We are selecting 20 firms for our Founding Partner program: complimentary organizational discovery on one portfolio company. Get ground truth before the next board meeting.
Schedule a Conversation
Fifteen minutes to see if this fits your portfolio. No cost, no commitment.