Validate your investment thesis

Get expert-backed analysis for any deal. A proven framework used by institutional investors, adapted into a focused commercial review for founders, investors and deal teams.

Last updated: August 2026

A structured commercial review

Chameleon reviews the commercial logic behind an acquisition, investment or exit thesis using a clear five-step framework. The aim is to help you test market assumptions, compare the opportunity, review deal structure, assess risk and deliver a definitive one-page summary for your stakeholders.

Pricing: £950-£1,500 depending on scope, available data, urgency and depth of analysis.

A structured commercial review. Not legal, tax, accounting or regulated investment advice.

The five-step framework

01 Market Sizing

TAM calculation, market growth trajectory and competitive landscape analysis.

02 Comparable Company Analysis

Revenue multiples, margin benchmarking and growth rate comparison.

03 Deal Structure Review

Terms and conditions, earnout implications and seller financing implications.

04 Risk Assessment

Market risk, execution risk and practical mitigation strategies.

05 Executive Summary

Key findings, final recommendation and next steps in a definitive one-page summary.

Built for deal decisions

The report suits founders considering an exit, investors reviewing a potential target, acquirers testing a market thesis and advisory teams who want a structured second view before deeper diligence begins.

Paul O'Donnell reviews the analysis through a commercial negotiation lens, so the output is focused on the questions, assumptions and risks that shape deal confidence.

Frequently asked questions

Start the analysis

Use the dedicated validation funnel to begin the review, or book a free 30-minute consultation if you want to discuss fit first.