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Synerger

The dealroom, from first call to Day 100.

Pipeline, data room, diligence and the first hundred days in one record, shared folder by folder with the people who need it. Run it with your own team, or with Code Colonies advisers.

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DEAL RECORD · SAMPLE DATAProject SahyadriFINANCIAL48 filesLEGAL36 filesTAX22 filesHR19 filesCOMMERCIAL27 filesOPERATIONAL31 filesMANDATE · Mandate signedNDA · NDA signedDATA ROOM · Data room openDILIGENCE · In diligenceSIGNING · SPA signedCLOSING · ClosedDAY 100 · Day 100 plan on track
Platform
Six modules, mandate to Day 100
Advisers
Four Code Colonies practices
Access
Set per folder, every view recorded
Advisory fees
Under O2E, paid after you accept the work

Where deals go wrong

Deals are lost in the loose ends.

Indian mid market deals are run by small teams who also have a business to manage. These are the three gaps we see most.

  1. The deal lives in inboxes

    The buyer's CA asks for GST returns, someone forwards them, and a week later nobody is sure which version went out or who else saw the customer list.

  2. Questions go unanswered

    Forty open diligence questions sit across email, WhatsApp and a spreadsheet. The one about the factory lease is still open on the day of signing.

  3. Closing is treated as the end

    The plan for Day One was in the adviser's head. Two payroll systems, two price lists and nervous customers arrive on the same Monday.

How a deal runs

Eight stages, one workspace from start to finish.

Timings are typical for a mid sized Indian business and move with the size of the deal, the approvals and how ready the records are.

Each stage in detail
  1. Week 0First call
  2. Weeks 1 to 3Mandate and preparation
  3. Weeks 2 to 10Screening and approach
  4. Weeks 6 to 12Letter of intent
  5. 4 to 8 weeksDue diligence
  6. 2 to 6 weeksNegotiation and signing
  7. VariesClosing
  8. Day 1 to 100First hundred days

The platform

Six modules, each with a clear job.

Run the deal, run the engagement, and decide exactly who sees what.

The whole platform
Due diligence

Request lists, a data room and questions in one place, with a record of who did what.

Send diligence requests, collect documents in a virtual data room and answer questions without chasing email threads. Every upload, view and answer is logged, so both sides know where things stand.

SynergerRequest tracker: Project SahyadriAK

Request tracker: Project Sahyadri

RequestAreaOwnerDueStatus
Audited accounts FY24 to FY26FinanceSeller CFO02 Oct 2026Received
GST returns and reconciliationsTaxSeller CA15 Oct 2026In progress
Factory lease and renewalsLegalCompany secretary09 Oct 2026Overdue
Pollution control consentsOperationsPlant manager19 Oct 2026Open
Employee list and PF recordsHRHR head23 Oct 2026Not started
Representative screen with sample data. Client screens stay private.
Deal pipeline

Every target, mandate and investor conversation on one board, with an owner.

Track deals from the first call to a signed term sheet, across as many pipelines as you run. Each deal keeps its stage, owner, tasks and full communication history in one record.

Integration

Day One, the first 100 days and year two, planned and tracked against owners.

Plan what has to happen on Day One, in the first hundred days and through year two after a deal closes. Track each workstream on a timeline, log risks as they appear, and measure whether the plan is holding.

Engagements

Scope, milestones, deliverables and decisions for an advisory mandate, in one place.

Run an advisory engagement against a written scope, with milestones, status reports and deliverables that the client accepts on the record. Meetings, action items and decisions sit on the same record as the work.

Playbooks and templates

Checklists, deal documents and models to start from, so no deal begins on a blank page.

Start each stage of a deal from a working draft: diligence checklists, NDAs, letters of intent, heads of terms, valuation models and announcement kits.

Security and access

Decide who sees each deal and folder, and see who opened what.

Every person on a deal has a role, and access is set per deal and per folder. An audit trail records who uploaded, opened and changed what, and when.

One deal, start to finish

Follow one deal as it moves through Synerger.

Project Sahyadri: a Gujarat packaging maker buying a competitor in Maharashtra. The screens show sample data.

  1. Pipeline

    The target sits on the board under a code name

    Sourced from a CA's introduction, tagged by industry, state and ownership, with an owner and a next step. When the NDA is signed, it moves a column.

    SynergerNew investments pipelineAK

    New investments pipeline

    First call2

    • Precision castings, Coimbatore
    • Specialty chemicals, Vapi

    NDA signed2

    • Auto components, Pune
    • Dairy processing, Anand

    IC note1

    • Flexible packaging, Ahmedabad

    Term sheet1

    • Pharma packaging, Hyderabad
    Representative screen with sample data. Client screens stay private.

  2. Due diligence

    Every question has an owner and a date

    The request list goes out, documents land in the data room by area, and the buyer's CA and lawyer ask questions in one log that the seller's team answers.

    SynergerProject Sahyadri: diligence questionsAK

    Project Sahyadri: diligence questions

    RefQuestionAreaOwnerDueStatus
    Q-041Related party sales FY25FinancialSeller CFO14 OctAnswered
    Q-042Top 10 customer contractsCommercialSeller MD15 OctIn progress
    Q-043Factory lease, change of controlLegalBuyer counsel16 OctOpen
    Q-044Gratuity and PF reconciliationHRSeller HR head9 OctOverdue
    Q-045GST notices, last 3 yearsTaxSeller CA17 OctAssigned
    Representative screen with sample data. Client screens stay private.

  3. Signing

    Findings turn into terms

    Each material finding links to its evidence and gets a route: fixed before signing, a condition, a price adjustment or an indemnity. The lawyers work from the same list.

    SynergerProject Sahyadri: issues listAK

    Project Sahyadri: issues list

    FindingAreaRouteOwnerStatus
    Two related party leases above marketFinancialPrice adjustmentBuyer CFOAgreed
    Pending GST demand, FY23TaxSpecific indemnityBuyer counselIn progress
    Factory consent renewed lateLegalFixed before signingSeller MDClosed
    Top customer contract expiredCommercialCondition precedentSeller MDOpen
    PF shortfall, contract staffHRPrice adjustmentSeller HR headReview
    Representative screen with sample data. Client screens stay private.

  4. Integration

    Day One is planned before closing

    Customer letters, bank mandates and payroll are ready for the first Monday. The hundred day plan runs in the same record, with owners and dates.

    SynergerIntegration plan: Day One to Day 100AK

    Integration plan: Day One to Day 100

    Deal
    Project Sahyadri
    Closing date
    3 Nov 2026
    Integration lead
    Group CFO
    Workstreams
    4 open
    High risks
    2, both owned
    Representative screen with sample data. Client screens stay private.

  5. The engagement

    Progress you can see without asking

    If our advisers run the mandate, scope, milestones, status reports and decisions sit next to the deal.

    SynergerAction items: sell side mandateAK

    Action items: sell side mandate

    To do2

    • Collect FY26 stock ageing
    • Draft buyer outreach note

    In progress2

    • Information memorandum v3
    • Valuation range workings

    With client1

    • Review buyer longlist

    Done2

    • Scope signed
    • NDA template agreed
    Representative screen with sample data. Client screens stay private.

In motion

A board that moves, a data room that fills, a plan that ticks.

The pipeline, the data room and the integration plan, each shown as it moves.

Acquisitions pipelineSample dataSOURCED14Dairy, AnandNDA SIGNED9Castings, CoimbatoreDILIGENCE4Pharma packs, HyderabadSIGNED4Textiles, SuratFlexible packagingVapi · ₹42 cr revenueAuto componentsRajkot · minority stakeSpecialty chemicalsAnkleshwar · buy sideACTIVITYSpecialty chemicals moved to Signed · integration plan openedAuto components moved to Signed · shareholders' agreement filedFlexible packaging moved to Signed · Day One checklist assigned

Pipeline

Deals move column to column, with every move recorded.

Open the module
Data roomProject Sahyadri · access by roleUploadFinancialAudited accounts, GST, bankLegalLeases, licences, contractsOperationalPlant, suppliers, customersTechnicalSystems, IP, dataHRPayroll, PF, gratuityQuestion logEvery question has an owner and a dateRelated party sales, FY25Asked by Buyer's CA · 2 days openAnswered by Seller CFO · schedule linkedOpenAnsweredFactory lease consentAsked by Buyer counsel · 4 days openAnswered by Seller counsel · lease linkedOpenAnsweredPF and gratuity workingAsked by Buyer's HR lead · 1 day openAnswered by Seller HR · working linkedOpenAnsweredGST notices, last three yearsAsked by Buyer's CA · 3 days openAnswered by Seller CA · replies linkedOpenAnsweredREQUEST LISTReceived, by area

Data room

Documents land by area while open questions get answered.

Open the module
Integration planClosing 3 Nov 2026 · sample dataDay OneDay 30Day 60Day 100Customers and suppliersSales headPeople and payrollHR leadBank mandates and cashGroup CFOReporting and MISFinance controllerSystems and purchasingIT and procurementTodayRISKS2 high, both with an owner · weekly review on Monday · year two goals set

Integration

Day One to Day 100, workstream by workstream.

Open the module

Advisory

Four practices, working alongside your team.

The Code Colonies consulting team runs its mandates on Synerger, next to your CA and your lawyer.

How we advise
A senior executive leading a meeting with colleagues around a boardroom table
  1. Mergers and acquisitionsPracticeBuy side, sell side and fundraising, from the first list of names to day 100.
  2. Business and managementPracticeStrategy, sales, operations and organisation for owners deciding what comes next.
  3. Financial and riskPracticeBudgets, risks, controls and restructuring, worked through with your CA.
  4. IT and digital transformationPracticeSystems strategy and architecture for ERP, CRM and HRMS, with the build handed over.
How engagements are scoped and paid
Close up of a person writing on a contract at a desk

The record

Every request, question and promise in a deal, with an owner and a date.

Diligence requests, data room folders, answers, findings and the Day One plan sit in one record that both sides and their advisers can work from.

Who it is for

Start from where you are.

Selling, buying, raising money, advising, or handing over the family business, in the industries where Indian mid market deals happen.

Readers

Industries

Case study

A Gujarat packaging maker buys a Maharashtra competitor.

Six weeks of diligence and a hundred day integration, run in one Synerger workspace shared with the client's lawyers and accountants.

Read the case study
  • Every material finding written down and backed by documents
  • Diligence issues fed into the price adjustment and warranties
  • One chart of accounts and one monthly MIS within 100 days
  • One shared question log for both sides

Free tools

Answers in minutes, before the first meeting.

Four tools built from the checklists and timelines our advisers use. Each works only from what you enter and gives an indicative answer straight away.

All tools
Free tool8 min

Deal readiness score

21 questions across seven areas a buyer tests, with a score out of 100, your strongest and weakest areas, the five actions that matter most and an indicative timeline.

Start
Free tool3 min

Diligence checklist builder

Pick your deal type and the areas you care about, and get a starting request list you can copy, download or email.

Start
Free tool4 min

Earn-out scenario calculator

Enter the upfront price, the targets and the payout terms, and see what the seller receives in each scenario you set.

Start
Free tool3 min

Deal timeline planner

Pick your deal type, how ready you are and a start date, and see a dated plan of the eight stages from first call to Day 100.

Start

Library

Practical reading before you start.

The whole library

Guide · Running engagements

Choosing an M&A adviser in India

A good M&A adviser for an Indian mid market deal has done similar transactions, gives you named senior people, and agrees a written scope before work starts. Fees are commonly a mix of fixed or retainer amounts and a payment linked to completing the deal, and every element should be written down.

7 min read

Guide · Buying a business

Foreign investment in an Indian company: FEMA basics

When a foreign buyer or investor acquires shares in an Indian company, FEMA, 1999 and the rules under it decide whether the investment is allowed automatically or needs government approval, the minimum or maximum price, and what must be reported to the RBI. These rules shape structure and timing from the term sheet onwards.

8 min read

Guide · Valuation and structure

Key clauses in a share purchase agreement

A share purchase agreement sets the price and how it is paid, what must happen before closing, what the seller promises about the business, and what happens if those promises turn out to be wrong. Most negotiation time goes on the price mechanism, warranties, indemnities and their limits.

8 min read

Questions

What people ask us first.

Already a client? Log in to Synerger.

What is Synerger?

A platform for running deals and advisory engagements: pipeline, due diligence and data room, integration plans and engagement tracking. It is made by Code Colonies, whose consulting team also advises on deals using it.

Do we have to use your advisers?

No. You can use the platform on your own, use our advisers, or both. If you work with our advisers, you are invited to the workspace for your deal.

Who sees our documents?

Only the people you invite, and only the folders their role allows. Every upload, view and answer is recorded with the person and the time.

How are advisory fees agreed?

Every engagement starts with a written scope. Most run under our output based model, where you pay after you accept the work, or with advisers working inside your team.

Do you replace our CA or lawyer?

No. They stay on the deal and work in the same workspace. We keep the record, run the process and bring deal experience.

Next step

Tell us what you are planning. We will show you how we would run it.

A thirty minute confidential call with an adviser. You leave with the steps, the documents you will need and where the risks usually sit.

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