Finance & Investment Research

Romanos
Valeontis

I build institutional-grade financial models and investment research — and act as a fractional analyst for search funds, independent sponsors, and small advisory teams. Every model ships with a passing audit tab: ties checked, covenants tested, defensible in front of a committee.

FMVA
CFI Certified
BIDA
CFI Certified
PL-300
In Progress
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Deal Services

Fractional analyst.
Fixed price.

For search funds, independent sponsors, and small advisory teams that need institutional-grade deal work without an analyst on payroll. Fixed scope, fixed price, 48–72 hour turnaround. Every model ships with a passing audit tab — balance checks, cash ties, covenant tests — so it holds up in front of your committee or lender.

LBO / Returns Model
€450
Full sponsor-structure buyout model: sources & uses, debt schedule with cash sweep, DSCR covenant, linked statements, pref + promote waterfall, and sensitivities. Built like Project Oxford above.
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3-Statement Model
€400
Build or rebuild: fully linked income statement, balance sheet, and cash flow with working capital and debt schedules, driver-based assumptions, and an audit tab that proves it ties.
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IC / Investment Memo
€350
The model turned into a decision: thesis, deal structure, returns, risks, and a plain recommendation — one to two pages, written for a committee, not a brochure.
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Comps / Precedents Pack
€300
Peer screen with documented selection, normalised LTM/NTM multiples, strategic vs financial buyer splits, summary statistics, and a football field.
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CIM → Data Pack
€250
Messy CIM, broker book, or raw financials in — clean structured Excel out: historicals, adjustments, margins, ratios. The unglamorous work that eats your week.
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How it works: you send the materials → I confirm scope and a fixed quote in one email → delivery in 48–72h with the audit tab green. Revisions included until it ties. Prices in EUR; invoice provided.
Selected Work

Research &
Work

ITRK
PE Take-Private · £9.4bn
PE Analysis · May 2026
Private Equity · Take-Private Analysis
Intertek Group PLC — EQT Take-Private
Full PE take-private analysis of a £9.4bn deal. DCF, LBO, Sum-of-Parts and Comps models. Why EQT's £60/share was right — and where the returns actually come from.
TEP
Contrarian Equity · €66/share
Equity Research · May 2026
Equity Research · AI Disruption Analysis
Teleperformance — AI Victim or Contrarian Opportunity?
Full equity analysis of a €6.6bn market cap at 5.3x EV/EBITA. AI Scenario Analysis, DCF, LBO, and Comps. Why the Kodak analogy is wrong — and what the current price implies.
RENK
Defence · €26.80/share
Equity Research · May 2026
Equity Research · Defence & PE Exit Analysis
RENK Group AG — Did Triton Exit Too Early?
PE exit analysis on a German defence manufacturer with a €15bn+ order backlog. Did Triton leave money on the table? DCF, LBO reconstruction, and backlog-driven valuation.
DEMANT
Healthcare · Equity Research
Equity Research · May 2026
Equity Research · Healthcare
Demant A/S — The Hearing Paradox
Is the market mispricing a structural winner? Full investment analysis on Demant — aging demographics, hearing aid penetration, competitive dynamics, and a DCF that challenges the current valuation.
BNP
Banking · Equity Research
Equity Research · 2026
Equity Research · Banking
BNP Paribas — The 32% Discount
Europe's largest bank trading at a 32% discount to book. Full investment analysis on BNP Paribas — capital strength, AXA IM integration, rate sensitivity, and a valuation case for re-rating.
NVO
Pharma · Equity Research
Equity Research · 2026
Equity Research · Pharma
Novo Nordisk — After the Fall
A 50% drawdown from peak, a pipeline in flux, and a market still pricing in peak GLP-1 dominance. Full investment analysis on Novo Nordisk — competitive moat, CagriSema data, pipeline optionality, and a valuation case for recovery.
SDR
M&A · Buy-Side · £9.9bn
M&A Analysis · 2026
M&A · Buy-Side Analysis
Nuveen / Schroders — Fair or Full?
A buy-side valuation, synergy and deal-returns assessment of the £9.9bn cash acquisition that ends 222 years of family ownership at one of the City's oldest names. Is the price fair?
WEYS
Independent-Sponsor LBO · 5.5x
Deal Modeling · June 2026
Private Equity · Sponsor-Structure LBO
Project Oxford — Weyco Group LBO
A full independent-sponsor buyout model on a debt-free footwear platform: senior debt + seller note, DSCR covenant, cash sweep, and an 8% pref + tiered promote waterfall. 3.9x / 30% gross with zero multiple expansion — every tie verified on a passing audit tab.
How I Work

From question
to conviction.

01
Define the Question
Every analysis starts with a single, precise question. What is the market pricing in? Where is the consensus wrong? What does the price imply about the future?
02
Build the Model
DCF, LBO, Comps, or scenario analysis — built from public filings, not templates. Every assumption is explicit, every output is stress-tested.
03
Form a View
The model is not the output — the view is. What does the analysis say? Is the price right? Where is the asymmetry? That's what gets written up.
04
Publish & Deliver
Research is published as a full case study with Excel model and investment memo. Custom work is delivered with the same standard — no shortcuts.

Investment
Research.

I'm an economics graduate based in Athens, Greece, building a track record in investment research and financial analysis. I produce PE-level case studies — DCF, LBO, Comps, and scenario analysis — on public equities and private deals, and publish them free of charge. Finance is the foundation. Data is the toolkit.

Most analysts report what happened. Few build a view on what it means — and fewer still can back that view with a model. That gap is where I work.

Currently pursuing the CFA (May 2027) and building a public research portfolio spanning PE take-privates, contrarian equities, and defence sector analysis. I also work as a fractional analyst for search funds, independent sponsors, and small advisory teams — fixed-scope deal models, memos, and audits, priced per deliverable.

FMVA Financial Modeling & Valuation Analyst — CFI
BIDA Business Intelligence & Data Analyst — CFI
Yale Financial Markets — Yale University
NKUA BSc Applied Economics — Athens
Investment Research & Valuation
PE-grade case studies covering DCF, LBO, Sum-of-Parts, and scenario analysis. Published free. Available for custom research on request — whether for a specific company, sector, or investment decision.
DCF Valuation LBO Modeling Scenario Analysis Equity Research
Financial Model Templates & Guides
A growing library of PE-grade model templates and analytical guides — built to professional standards, fully unlocked, and free to download. Covers valuation, transaction modelling, sector-specific models, and practical frameworks for financial analysis.
Valuation Models Transaction Modelling Sector Models Free Download
Fractional Deal Support
For searchers, independent sponsors, and small advisory teams mid-deal: LBO and returns models, IC memos, comps packs, CIM data extraction, and model audits. Fixed scope, fixed price, 48–72h turnaround — see Services below.
Search Funds Independent Sponsors Fixed Price 48–72h

Let's work
together.

Mid-deal and need a model, a memo, or a second pair of eyes on your numbers? Or want custom research on a company or sector? Send the context — I reply with scope and a fixed quote in one email.

Templates & Guides.

Practical tools built from real work — financial model templates, research frameworks, and analytical guides. Download and use them directly.

Template
PTA
Excel · M&A
M&A · Valuation
Precedent Transactions Analysis Template
An IB-grade precedent transactions template covering the full workflow — transaction screen, deal data input at announcement-date pricing, multiples table across up to 20 deals, and a football field chart. Splits stats between strategic and financial buyers.
Get Template →
Template
CCA
Excel · Valuation
Valuation · Equity Research
Comparable Companies Analysis Template
A professional-grade comps table with LTM and NTM multiples, GAAP to non-GAAP normalisation, peer screening sheet, and a football field chart that updates automatically. Supports up to 15 peers.
Get Template →
Template
LBO
Excel · Private Equity
Private Equity · Financial Modelling
LBO Model Template
A PE-grade leveraged buyout model covering the full deal lifecycle — sources and uses, debt structure with cash sweep, operating model, and a returns analysis with IRR, MOIC, and value creation bridge.
Get Template →
Template
3-S
Excel · Financial Modelling
Financial Modelling · Foundations
3-Statement Model Template
An institutional-grade three-statement model with fully linked P&L, balance sheet, and cash flow statement — driven by a single assumptions sheet with working capital and debt schedules built in.
Get Template →
Template
DCF
Excel · Valuation
Valuation · Financial Modelling
DCF Model Template
A PE-grade discounted cash flow model with three scenarios, sensitivity tables across WACC and terminal growth rate, WACC build-up, and a bridge from enterprise value to equity value per share.
Get Template →
Free model audit →
Excel Model
Request the model
The full Excel model is free — leave your name and email and the download starts immediately. I occasionally follow up once; no list, no spam.