Deal Review Fridays are here.
No guests, no fluff. Just Christian and Ayelet live with market intel and the deals that closed this week — before everyone else is talking about them.
This week: private debt markets are tightening (and it's freezing $100M+ deals), Podean just keeps buying, Mountain Gate is deploying out of Fund 3 at an alarming pace, and MIQ quietly built a mobile M&A stack nobody noticed.
Three deals, one market signal, under 15 minutes.
What we cover: the private debt compression from 4.5x to 3.0-3.5x EBITDA and what it actually means for deal flow, Podean's third add-on in under six months (UK-based AdMerge), Mountain Gate's fourth platform investment out of Fund 3 (Upswell Marketing), and MIQ's mobile capability gap-fill with Rocket Lab out of Latin America.
TIMESTAMPS
0:00 — Introducing Deal Review Fridays: why we're going live
1:30 — Market signal: private debt compression and its downstream M&A impact
4:11 — Ayelet on the ground: deals still closing sub-$50M EV
4:54 — Deal #1: Podean adds AdMerge (UK) — third add-on, ~$30-35M revenue run rate
7:37 — Deal #2: Mountain Gate platforms Upswell Marketing — Fund 3, fourth investment
9:34 — Mountain Gate's portfolio thesis: multiple distinct platforms in parallel vertical lanes
10:41 — Deal #3: MIQ acquires Rocket Lab — mobile gap fill + LATAM programmatic stack
13:35 — Wrap: what Deal Review Fridays are (and what they're not)
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Connect with Christian and Ayelet
Ayelet’s LinkedIn: https://www.linkedin.com/in/ayelet-shipley-b16330149/
Christian's LinkedIn: https://www.linkedin.com/in/hassold/
Web: https://www.inorganicpodcast.co
https://www.youtube.com/@InorganicPodcast
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