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Due diligence

2025

Lowmoor Capital

Commercial due diligence on a payments company

Industry

Investment

Investment

Service

Due diligence

Due diligence

Company size

Investment firm

Investment firm

Length

3 weeks

3 weeks

Lowmoor got a signed investment memo in three weeks and negotiated the price down by €4M.

3 weeks

from kickoff to signed memo

€4M

taken off the asking price

42

customer and market calls

The challenge

The challenge

Lowmoor had four weeks of exclusivity on a payments company and one question: would its biggest customers stay after a sale?

What we did

What we did

We ran 42 calls with customers, lost customers and competitors, and rebuilt the revenue forecast from contract data instead of the seller’s model.

What changed

What changed

The memo showed two large customers at risk. Lowmoor used it to take €4M off the price and wrote retention terms into the deal.

Three weeks, 42 calls and a memo our investment committee read in one sitting.

Sara Lindqvist

Partner, Lowmoor Capital

Portrait of Maren Visser
Portrait of Maren Visser
Portrait of Daniel Okafor
Portrait of Daniel Okafor
Portrait of Sofie Lindgren
Portrait of Sofie Lindgren
Portrait of Tomás Reyes
Portrait of Tomás Reyes

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Talk to a partner, not a sales team

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Morrow

Strategy and operations consulting for companies between 50 and 500 people.

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© 2026 Morrow Partners B.V. All rights reserved.

© 2026 Morrow Partners B.V. All rights reserved.

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