We make
M&A partnerships work

$6B+

Deal value from exits to buy-and-build strategies.

Credentials

Selected credentials

Carve-out

Carve-out & Vendor Assist support on the sale of the robotics division to SoftBank

Deal Value

$5B

Partnerships

Buy and Build support

We provide continuous support in the Buy & Build strategy of Your.Cloud, Your.World and DomiLinq (Strikwerda Investment portfolio companies)

Partnerships

Buy & Sell-side support

We have worked on multiple projects in collaboration with Axeco; i.e. financial exit preparation, due diligence, and data analytics.

Partnerships

Automated monthly reporting

Empowering a €600m+ revenue buy and build platform with automated sales cube visibility and robust like-for-like financials showing organic and acquisitive growth.

Data & Automation

Automated monthly reporting

Building a sales cube and like-for-like reporting to keep financials transparent across a 25+ entity Buy & Build.

Data & Automation

Automated LFL Financial model

Empowering a €600m + revenue buy and build platform with an automated financial model and sales cube for robust like-for-like financials. We also built an ARR sales cube for the software business.

Data & Automation

Acquisition due diligence

Delivering a rigorous financial due diligence on historical performance, complemented by a tailored high-level assessment of the forecast.

Due Diligence

Acquisition due diligences

Financial due diligence on Winel’s historical performance, financial positions and support on the key findings and observation.

Due Diligence

Due diligence & integration

Financial due diligence and integration support for multiple add-ons.

Due Diligence

Carve-out

Carve-out & Vendor Assist support on the sale of the robotics division to SoftBank

Deal Value

$5B

Partnerships

Buy and Build support

We provide continuous support in the Buy & Build strategy of Your.Cloud, Your.World and DomiLinq (Strikwerda Investment portfolio companies)

Partnerships

Buy & Sell-side support

We have worked on multiple projects in collaboration with Axeco; i.e. financial exit preparation, due diligence, and data analytics.

Partnerships

Automated monthly reporting

Empowering a €600m+ revenue buy and build platform with automated sales cube visibility and robust like-for-like financials showing organic and acquisitive growth.

Data & Automation

Automated monthly reporting

Building a sales cube and like-for-like reporting to keep financials transparent across a 25+ entity Buy & Build.

Data & Automation

Automated LFL Financial model

Empowering a €600m + revenue buy and build platform with an automated financial model and sales cube for robust like-for-like financials. We also built an ARR sales cube for the software business.

Data & Automation

Acquisition due diligence

Delivering a rigorous financial due diligence on historical performance, complemented by a tailored high-level assessment of the forecast.

Due Diligence

Acquisition due diligences

Financial due diligence on Winel’s historical performance, financial positions and support on the key findings and observation.

Due Diligence

Due diligence & integration

Financial due diligence and integration support for multiple add-ons.

Due Diligence

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Jeroen, Software Entrepreneur

“Make became a true extension of our management team. From exit readiness and due diligence through signing, closing and onboarding, they brought structure, took ownership and got the entire transaction done.”

Ties Verbruggen

Country Manager - ABB

"Working with the team of Make, I would advise any CFO: spot-on, energized, self-driven independent professionals with an enormous drive to improve, deep M&A knowledge, and finance transformation experience."

Services

We combine top-tier transaction expertise with operating experience, data and automation. We work alongside entrepreneurs, management teams and investors to turn complex M&A work into clear decisions and disciplined execution.

Financial models

Data preparation

Large-scale data processing

Process management

A successful exit starts well before a business is brought to market. We turn complex financial and operational data into a clear, consistent and diligence-ready fact base that substantiates the equity story and supports an efficient transaction process.

  • Prepare the financial databook and like-for-like financials that support the equity story
  • Build financial models and detailed sales and margin cubes to support commercial due diligence
  • Process and structure large, complex datasets into clear and diligence-ready analyses
  • Prepare datasets for Big4 vendor due diligence and leading commercial due diligence advisers

Financial due diligence

Vendor due diligence

Vendor assist

Due diligence management

Due diligence should do more than identify risks. We provide a decision-ready view of earnings quality, cash conversion and underlying business performance. Having executed buy-and-build strategies and integrations ourselves, we focus on the findings that matter most to the investment case and future performance. We translate these insights into practical priorities and provide integration support, ensuring that the knowledge gained during due diligence is put to work after closing.

  • Assess quality of earnings and underlying performance
  • Analyse working capital and net debt and other purchase price implications
  • Review forecasts, cash conversion, value drivers, risks and upside potential
  • We can manage all due diligence workstreams, including tax, commercial, tech and legal due diligence

Exit readiness

Corporate finance support

Sell-side support

A transaction creates additional pressure at exactly the moment management needs to keep the business performing. We act as an integrated partner from exit readiness and financial preparation through due diligence, negotiations, signing, closing and onboarding.

  • Assess transaction readiness and develop a clear execution roadmap
  • Prepare the financial databook, sales and margin cubes and other data
  • Manage the data room, buyer due diligence, Q&A and financial workstreams
  • Support finding the right CF partner or leading negotiations, signing and closing

Strategy

Playbooks

Due Diligence

Integration

Reporting

Buy and build creates value when strategy, transaction execution and integration operate as one repeatable system. We help management build that system and work alongside the business to execute it, retaining knowledge and improving the process from one acquisition to the next.

  • Define the buy-and-build strategy, investment criteria and target profile
  • Develop the M&A playbook, governance, decision framework and templates
  • Support target evaluation, modelling, due diligence, bidding and closing
  • Execute financial onboarding, the 100-day plan and the first reporting cycle

Revenue analysis

Margin analysis

Customer insights

We combine detailed sales, customer, product and margin data in one analytical model. This makes it possible to identify where growth and profitability are created, assess the quality and durability of revenue, and understand the commercial drivers behind performance.

  • Analyse revenue, volume and margin by customer, product and geography
  • Separate price, volume, mix and acquisition effects
  • Track MRR movements, churn, cohorts, retention and recurring revenue
  • Identify customer concentration, dependencies and margin improvement opportunities

Like-for-like financials

Transaction ready

Large data solutions

We build automated, scalable financial models that combine historical financials, acquisitions and reporting periods into one reliable source of truth. Our models help CFOs, corporate finance advisors, investors and buy and build teams with robust and quick financial models.

  • Create like-for-like reporting across entities, periods and acquisitions
  • Track standalone and consolidated add-on performance
  • Automate current trading updates
  • Maintain transparent audit trails and due diligence-ready documentation

Management reporting

Investor reporting

Dashboards

Monthly reporting should provide timely insight, not consume the finance team with repetitive spreadsheet work. We automate the flow from underlying systems to consistent management, investor and bank reporting, supported by interactive dashboards and decision-ready commentary.

  • Connect financial and commercial data with an automated workflow
  • Accelerate the monthly close and reduce manual input
  • Deliver consistent management, investor and bank reporting
  • Visualise financial, commercial and operational KPIs in interactive dashboards

100-day planning

Financial onboarding

Reporting optimization

A transaction only creates value when the acquired business is integrated effectively. We work alongside management from Day 1 through Day 100 to translate the deal rationale into practical actions, align the organisation and create control over performance, risks and integration progress. Our learnings from due diligence can be levered in the integration.

  • Develop the integration roadmap, governance, ownership and milestones
  • Align accounting policies, reporting calendars and general ledger setup
  • Manage financial onboarding, opening balances, consolidation and data migration
  • Track synergies, integration risks and progress through the first reporting cycle

Track record

Make provides full service M&A support  built for ambitious management teams and investors. We combine the strategic rigor and sharp execution  with a fast-moving, entrepreneurial approach.

We avoid 100 page slide decks, true added value is captured by getting things done.

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transactions supported

250+

Transactions supported in the €5m-€5B transaction value range.

100+

Exits

100+

Acquisitions

Make transaction value since 2024

$6B+

Make transaction value across our team’s experience since 2024.

€5M - €500M

Transaction value sweetspot

20+

Buy-and-build platforms

Data & Automation

50+

Financial models and reporting processes automated

100M +

Transaction lines processed

30+

Databooks and reporting solutions built

About

We built Make to bring M&A advisory and execution together.

Traditional M&A support often stops at a report or recommendation. The advice may be sound, but management remains responsible for translating it into decisions, coordination and action.

Our partners and wider team have operated on both sides of the table. We have advised on complex transactions, led buy-and-build programmes, integrated acquisitions and prepared businesses for sale from within the organisation, including in CFO, corporate development and M&A director roles.

That experience shapes how we work. Across the M&A lifecycle, from exit readiness and due diligence through transaction execution, closing and integration, we work as an extension of the management team. We stay close to the business, take ownership of critical transaction workstreams, and use data analytics and automation to create clarity and turn decisions into results.

Team

Marcel Spermon

Founder & Partner

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Marcel Spermon

Founder & Partner

I am passionate about supporting entrepreneurs, investors and management teams through complex M&A transactions. At Make and Partners, I draw on my experience and knowledge to deliver the analysis and support needed for clear decisions, practical next steps and successful, value-creating outcomes.

Having started my career in financial audit and gained M&A experience within the Big Four, I later worked in industry, supporting a listed company through multiple complex carve-outs, integrations and finance transformations. This combination of advisory and hands-on operational experience allows me to provide tailored support across due diligence, transaction execution, carve-outs, integration planning and finance transformation

Kenny Vaes

Founder & Partner

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Kenny Vaes

Founder & Partner

I bring over 15 years of experience across M&A, finance, and business leadership, combining top-tier transaction advisory with a proven track record as an entrepreneur and operator.

At Deloitte, I advised on complex carve-outs, IPOs, and acquisitions with a combined transaction value exceeding €11 billion, primarily within e-commerce, software, SaaS, and technology.

As CFO and CIO of Dwarfs, I played a pivotal role in building and scaling an international e-commerce group. I raised over €75 million in growth capital, executed ten acquisitions, and led the group’s exit to Olsam.

At Make and Partners, I support entrepreneurs, investors, and corporates with buy-and-build strategies, exit readiness, fundraising, and financial performance optimization. By combining strategic foresight with hands-on execution, I guide clients through complex transactions, build stronger businesses, and turn ambitious plans into tangible results.

Marijn Compagner

Partner

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Marijn Compagner

Partner

I have extensive M&A experience across Europe and Asia, with a focus on financial due diligence, integrations, and buy-and-build strategies. At Normec Group, I was responsible for more than 20 acquisitions in Western Europe that helped grow EBITDA from €20m to over €100m. Subsequently at IMCD, I successfully integrated bolt-on acquisitions across South-East Asia. Earlier in my career, I worked in Deloitte’s M&A practice, primarily focused on transaction-related advisory and Financial Due Diligence.

At Make and Partners, I leverage this track record to guide clients in TICC, specialty chemicals, logistics, industrials, software/SaaS, and professional services through complex transactions and sustainable growth.

Alexander Rijkmans

Snr. Manager

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Alexander Rijkmans

Snr. Manager

I bring over seven years of experience in finance and M&A, built during my tenure at Deloitte Transaction Services. I have supported a wide range of transactions, from carve-outs and IPO readiness to acquisitions and exits, advising corporates, private equity funds, and founder-led businesses. My experience spans industries including consulting, transport & logistics, and infrastructure, with deal sizes ranging from mid-market to large international groups.

At Make and Partners, I leverage my background as a registered accountant and M&A specialist to provide hands-on execution support throughout the transaction lifecycle. Whether guiding an exit process, supporting acquisitions, or managing due diligence, I ensure clients benefit from both technical precision and pragmatic execution power.

Emiel Hoekens

Manager M&A Data Analytics & Automation

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Emiel Hoekens

Manager M&A Data Analytics & Automation

I am Manager M&A Data Analytics at Make. With a background in Mathematical Engineering and over five years of experience across financial advisory and industry, I combine analytical depth with a practical understanding of M&A. Prior to joining Make, I spent three years at Deloitte and also gained hands-on experience in a buy-and-build environment.

At Make, I focus on applying data analytics and automation throughout the deal lifecycle. I am responsible for building transaction-ready data cubes, automating analyses, and delivering financial and business insights that support decision-making during both transaction execution and value creation initiatives.

Daan van Rooijen

Manager

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Daan van Rooijen

Manager

I am a Manager in the Financial Due Diligence team at Make and Partners, where I support businesses through acquisitions and other strategic transactions. Before joining Make, I spent four years at Deloitte advising clients on buy-side and sell-side due diligence engagements across a variety of sectors. I am passionate about helping clients beyond a report, combining analysis with a pragmatic approach to help make better-informed decisions and successfully execute transactions.

Outside of work, I enjoy travelling and exploring the outdoors, particularly in the Nordics and Asia. In my spare time, I can usually be found trail running, reading or enjoying a coffee.

Ana de Borba Granzotto

Consultant

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Ana de Borba Granzotto

Consultant

I combine experience in business development, fundraising, and M&A gained across Medical-X, Philips, Deloitte, and Make and Partners. Before joining Deloitte’s M&A and audit practice, I contributed to growth and organizational development projects at Medical-X, where I also led a fundraising round. At Philips, I supported multiple acquisitions as part of the HR M&A PMO, focusing on due diligence and first-100-day integrations, and at Deloitte I advised technology and real estate clients in Europe and the US on audits and transaction support.

At Make and Partners, I focus on supporting clients in e-commerce, healthcare, and technology transactions. With a strong foundation in both operational development and financial analysis, I deliver hands-on execution in due diligence, integration, and sell-side processes, ensuring precision and impact in every engagement.

Lauren van Doorn

Business Analyst

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Lauren van Doorn

Business Analyst

I joined Make and Partners in May 2026 as a Business Analyst, focusing on due diligence work for clients across the M&A space. My goal is to deliver deep financial insights and clear analytical support that help investors and management teams make confident strategic decisions throughout the deal lifecycle.

Prior to joining Make and Partners, I interned at Pindustry, an independent private equity firm investing in industrial companies across the Benelux, UK, and Germany. During my time there, I supported transaction-related analysis throughout the investment process, building a solid foundation in financial analysis and deal execution.

Quinten Diets

Business Analyst

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Quinten Diets

Business Analyst

My focus as Analyst is to connect the underlying mechanics of the business to the outside perspective. At Make and Partners this is exactly what we do by making sure diligence is done properly, the analyses hold up under pressure, and execution is continued for as long as our partners need it.

Before joining Make and Partners, I built my own entrepreneurial ventures alongside my financial foundation through private equity at Pride Capital Partners, debt advisory at Avaxa Debt Advisors, and business development at FrieslandCampina. Today I bring that execution power and network to buy- and sell-side transactions, due diligence projects, strategic partnerships, and Make’s commercial efforts.

Xander den Dulk

Business Analyst

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Xander den Dulk

Business Analyst

I studied Business Administration at Erasmus University Rotterdam, followed by a master's in Financial Economics. During my studies, my interest in transactions took shape through internships in private equity at MG Partners and Lexar Partners, as well as corporate development at FDI. What appeals to me is combining analytical work with numbers to uncover the real story behind a business.

At Make and Partners, I work across the M&A lifecycle: corporate finance, financial due diligence, and buy & build integration support. Having first seen transactions from the investment side, I approach advisory work with the buyer's question in mind: what happens to this business after signing. That perspective is why I build depth across every stage of a deal rather than in one alone.

Outside of work, I am usually in motion—on the baseball field, out running, or on the slopes. When I am not active, I can usually be found in the kitchen.

Sebastiaan Koel

Business Analyst M&A Data Analytics

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Sebastiaan Koel

Business Analyst M&A Data Analytics

I have a passion for numbers and using them to solve complex business problems. What I enjoy most is going deep into a company’s data to understand how the business works at the most detailed financial and commercial level.

At Make and Partners, I get to work with this underlying data and turn it into insights that management teams and investors can actually use. I enjoy figuring out how different pieces of data fit together and how those insights can support better business decisions or help prepare a company for an M&A process.

My background in Econometrics and Quantitative Finance gives me the analytical foundation to dig into complex datasets while always keeping the bigger business picture in mind. Before joining Make and Partners, I gained experience in private equity at Intersaction and worked on consulting projects through the Young Advisory Group.

Team

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