FundsFlow Deal Execution® · SRCO Europe

Complex transactions.Coordinated to close.

Specialist deal execution built around one live model, so the payment instructions, the Sources and Uses, the cap tables, the accounting entries and the legal documents all move together, and every stakeholder finally works from the same source of truth.

Book a demo Watch the two minute overview

200+ closings coordinated
Live model in three to four working days

Close file, illustrative Live

Inputs

SPATax Structuring MemoLegal stepsBanking details

Outputs, all from one model

Payment instructions & LoDCurrent
Sources & UsesCurrent
Cap tables, pre and postCurrent
Accounting entries & GLCurrent
FX & integrity checksCurrent
Legal docs per stepCurrent

Sources less uses 0.00

Illustrative representation of the model view. Figures are samples and not client data.

200+

Transactions closed across private markets

5yrs

Daily, hands on FundsFlow modelling

15yrs

Of Big 4 discipline behind every engagement

3to 4 days

From the TSM and SPA to a working model

The problem

Where deal execution breaks down.

Every complex transaction carries the same hidden risk. Stakeholders work in parallel, each reconciling their own numbers against everyone else's, dozens of Excel versions circulate by email, and rarely is there a single thread holding it all together.

Tax advisor

Can miss entity by entity cashflow gaps when weighing the structuring options.

Treasury

High error exposure on FX conversions and back to back transfers, where not one cent can be missed.

Legal team

Version misalignment compounds with every pass, turning cap table finalisation into a struggle.

Accountant

Reconstructs the deal weeks later to book the transaction and reconcile the bank.

Deal team

Carries the most pressure, accountable for making everything reconcile at the end.

Nearly every closed transaction has an almost crashed moment, saved only by an all nighter, extra hours, or both.

A better model, not another tool.

We have watched the pattern play out. A missing FX buffer nearly derailed a closing the morning it was due, and a non cash consideration misclassified as cash had already triggered an unnecessary bank loan before anyone noticed.

The pattern never changed, and the answer was never a new piece of software. It was a better model. So we built one. Across more than two hundred closings we worked alongside our clients to rebuild every deal closing requirement into a single live model that carries every close output, for every stakeholder.

“One live model. One input point. One source of truth.”

One model Every stakeholder Zero ambiguity at close

How it works

One live model, one source of truth.

The market's funds flow stops at a Sources and Uses table and a list of payments. Ours takes the deal's own documents as inputs and models every close output that each stakeholder needs, all from a single source.

Try it

Select any output on the right to trace it back to the documents it is built from.

Input data

Share Purchase AgreementConsideration, adjustments and conditions

Tax Structuring MemoFlows, entities and treatment

Legal stepsSequence, timing and dependencies

Banking detailsAccounts, currencies and confirmations

FundsFlow Live model

Every output below is produced from the same model, so a change made once is a change made everywhere.

Auto modelled outputs

Live, not emailed

One shared model in real time, which avoids tens of Excel versions circulating by email.

Comment in place

Raised, addressed and closed where the number lives, not buried in long email threads.

Timestamped trail

Every cell change and comment is timestamped through its lifecycle, then locked at close and ready for auditors.

Speedy delivery

A working model running within three to four working days of the TSM and SPA, with each change just in time from there.

The model view

What the file actually looks like.

A representation of the working model rather than a screenshot of any client transaction. The figures are illustrative samples, chosen so that they reconcile with one another exactly as a real close file has to, and every check lands at zero.

FundsFlow_close_model.live All outputs current

Sources and Uses at completion. Illustrative sample in EUR.
Sources	Amount	Uses	Amount
Fund equity, share capital	6,000,000	Equity purchase price	85,000,000
Fund equity, share premium	54,000,000	Refinance of existing debt	12,400,000
Senior facility	42,000,000	Transaction fees and expenses	4,850,000
Cash at target applied	3,250,000	Escrow and retention	2,000,000
		Working capital adjustment	1,000,000
Total sources	105,250,000	Total uses	105,250,000

Payment instructions on the completion date, each leg showing the paying entity. Illustrative sample in EUR.
Payer	Payee	Purpose	Amount	Bank detail
ABC X EUR SCSpFunding account	Seller ACompletion account	Equity consideration	59,500,000	Confirmed
ABC X EUR SCSpFunding account	Seller BCompletion account	Equity consideration	25,500,000	Confirmed
BidCo Lux S.à r.l.Operating account	Senior lenderAgent account	Debt refinance	12,400,000	Confirmed
BidCo Lux S.à r.l.Operating account	Adviser fee poolPer fee schedule	Fees and expenses	4,850,000	Confirmed
ABC X EUR SCSpFunding account	Escrow agentEscrow account	Retention	2,000,000	Confirmed
BidCo Lux S.à r.l.Operating account	Seller ACompletion account	Working capital adjustment	1,000,000	Confirmed
Total instructed	Reconciles to total uses		105,250,000	Balanced

EntityABC X S.à r.l. SICAF-RAIF

InvestorABC X EUR SCSp

NominalEUR 1.00 per share

Issue priceEUR 10.00 per share

Cap table by tracking share sub-class for ABC X EUR SCSp in ABC X S.à r.l. SICAF-RAIF, opening through to closing. Illustrative sample in EUR.
Share class	Opening			Changes at close			Closing
Class	Shares	Capital	Premium	Shares	Capital	Premium	Shares	Capital	Premium
Sub-Class Lux J1	1,250,000	1,250,000	11,250,000	2,000,000	2,000,000	18,000,000	3,250,000	3,250,000	29,250,000
Sub-Class Lux J2	900,000	900,000	8,100,000	1,500,000	1,500,000	13,500,000	2,400,000	2,400,000	21,600,000
Sub-Class Lux J3	750,000	750,000	6,750,000	1,000,000	1,000,000	9,000,000	1,750,000	1,750,000	15,750,000
Sub-Class Lux J4	600,000	600,000	5,400,000	850,000	850,000	7,650,000	1,450,000	1,450,000	13,050,000
Sub-Class Lux J5	500,000	500,000	4,500,000	650,000	650,000	5,850,000	1,150,000	1,150,000	10,350,000
Total, 5 sub-classes	4,000,000	4,000,000	36,000,000	6,000,000	6,000,000	54,000,000	10,000,000	10,000,000	90,000,000
Opening plus changes less closing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Acquisition entries at the acquiring vehicle. Illustrative sample in EUR.
Account	Debit	Credit
Investment in TargetCo	85,000,000
Repayment of target debt	12,400,000
Transaction costs	4,850,000
Escrow receivable	2,000,000
Working capital adjustment	1,000,000
Share capital issued		6,000,000
Share premium		54,000,000
Senior facility drawn		42,000,000
Cash at target applied		3,250,000
Total	105,250,000	105,250,000

Illustrative sample only. Figures are constructed for this page and do not represent any client transaction.

What we offer

A specialist model, built for modern private markets.

We build the template

A FundsFlow model shaped to your organisation's standards, with every stakeholder's output requirement modelled in from the start.

We model the deal

Each transaction is modelled on its own terms. We map the specific mechanics, instruments, currencies and legal steps that make it unique.

We make it live

On Google Sheets, Microsoft Live or SharePoint, with need to know access. Every party sees only what is relevant, and every update flows automatically.

Save time through automation Accuracy and control at every step Transparency and collaboration Scalable to any size or complexity

See it in action

See the method behind the close.

From transaction documents to stakeholder ready outputs. A two minute introduction to FundsFlow and the specialist team behind it.

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200+

closings behind the methodology

3 to 4

working days to a live model

40 to 50

senior hours saved on one deal

GDPR

ready, with a locked audit trail

Why SRCO

Built around your team and your business.

We coordinate, not compete

FundsFlow sits alongside your lawyers, tax advisors, fund administrator and Big 4 teams. We hold the numbers they all rely on in one place, so everyone works from the same source.

You choose the commercial terms, whether a one time fixed fee, an hourly rate for tight fee control, or a monthly retainer regardless of volume.

Operational efficiencies

Multi user co working on the model in real time
Online commenting directly on the model, replacing long email chains
Comment ticketing with a visible status, opened, addressed and resolved
Full version history with the ability to retrieve any prior version
Downloadable as Excel, PDF and other file formats
A locked and timestamped audit trail, sealed at close and ready for review

Security and confidentiality

Role based access is aligned to each stakeholder's involvement, so people see only what concerns them.

The model is configured to support GDPR requirements and designed to support applicable confidentiality, privacy and data protection obligations.

Credential case study

Clean close, complex structure.

Deal

€2.3 billion PE acquisition

Structure

Complex multi party share exchange

Result

40 to 50 senior hours saved

The hidden structural friction

The transaction included a legal step for the target's shareholders reinvesting into the fund's BidCo entity on a share for share exchange. The target's fair market value was locked into the sale price for reinvestors, while the BidCo share price depended dynamically on the value of shares issued right before the reinvestment. That triggered a decision on the point of exchange, and later the fractional share and rounding issues that a standard funds flow never includes.

The value of trusted coordination

Because FundsFlow held the share exchange mechanics in one live model, these compounding discrepancies were surfaced, quantified and presented in decision ready form, preventing an execution failure and the compliance exposure that would have followed at the legal drafting stage. In the client's own estimate, it saved 40 to 50 hours of their senior consultant's time.

Our service team

The people behind every close.

Your Europe based team, led by the specialist who built the FundsFlow method and supported by seasoned deal professionals.

FundsFlow lead Madeeha Raja

Madeeha Raja

Partner, Europe Leader

The lead expert behind FundsFlow. More than two hundred transactions across multiple funds, and the methodology lead and project lead on every assignment. Fifteen years of Big 4 alternative investments experience, five of them spent daily and hands on in FundsFlow modelling, so every engagement is led by the person who built the method.

Dual ACA, ICAEW and ICAP 15 years Big 4 200+ closings

Natallia Padzera

FundsFlow Specialist

Three years of hands on FundsFlow experience and five years of Big 4 practice, a key face on the modelling team and a specialist in taking each transaction from documents to a clean, reconciled close.

Taimoor Zubairi

Deals Advisory

Ten years at PwC M&A transaction advisory, leading SRCO's M&A practice with a focus on private equity, family offices and divestiture mandates.

Supported by an execution team of managers, senior analysts and associates who carry each model through to close.

Insights

Notes from the close.

Writing on deal execution, private markets and the FundsFlow method. New pieces will land here as they are published.

Coming soon

Anatomy of a clean close

How a single live model turns a complex share exchange into a reconciled, audit ready close.

Article in progress

Coming soon

Luxembourg private markets

Practical notes on structures, timelines and the mechanics of moving capital through the jurisdiction.

Article in progress

Coming soon

The FundsFlow method

Why the answer to a fragile close was never a new tool, and always a better model.

Article in progress

Want the pieces as they publish? Get in touch and we will keep you posted.

Good to know

Questions we hear before a first deal.

How quickly can a model be running?

A working FundsFlow model is up and running within three to four working days of receiving the Tax Structuring Memo and the Share Purchase Agreement, and each change from there is just in time.

Which platforms do you work on?

Google Sheets, Microsoft Live or SharePoint, whichever suits your environment, with role based, need to know access so every party sees only what is relevant to them.

How do you charge?

The commercial terms are your choice, whether a one time fixed fee, an hourly rate for tight fee control, or a monthly retainer regardless of volume.

Do you replace our lawyers, tax advisors or fund administrator?

No. FundsFlow coordinates rather than competes. We sit alongside your existing advisers and Big 4 teams and hold the numbers everyone relies on in one place. FundsFlow is a coordination and modelling service, so it is not a regulated audit, tax or fund accounting service, and everything the model produces is built to be reviewed and approved by your own advisers.

How is our data kept secure?

Access is role based and aligned to each stakeholder's involvement, the model is configured to support GDPR and applicable confidentiality and data protection requirements, and the audit trail is locked and timestamped, sealed at close and ready for review.

Let's talk

Every transaction is different. Let's talk about yours.

Would you like a demo?

A low risk pilot on one live deal, with a working model ready in three to four days.

Madeeha Raja, ACA · Partner, Europe Leader madeeha.raja@eu.srco.ca +352 621 192 285 12 Rue de Luxembourg, L-7330 Heisdorf, Luxembourg

Name

Firm

Your role

Asset class

About the transaction

We reply from a person rather than an automation, usually within one working day. Your details are used only to answer this enquiry and are handled in line with GDPR. You can also write to madeeha.raja@eu.srco.ca.