Deal signals before the banker is hired
By the time a sell-side mandate is announced, the proprietary window has closed. Indicato watches the events that precede a process: Form D raises that recapitalize a founder-owned business, RIA breakaway filings, succession indicators in leadership changes and registrations, and Chapter 11 dockets where healthy assets hide inside distressed estates. Each signal is matched to the operating company and its principals, so a coverage banker or PE associate starts the conversation months before the auction.