What's new in DealDesk 4.2 Targets now file under the acquiring entity. Legacy top-level company folders have been re-parented automatically.
Active Deals / Project Meridian / Blackwell Industries
Project Meridian — Acquisition of Blackwell Industries
REVISED · PENDING IC VOTE
Investment Committee vote today, 11:00 AM · Conf. Rm 38A
Deal Lead: Kurt Ashford
Overview
Model
Committee
Activity
Data Room
New Debt Raised on Meridian
Enterprise Value
Blackwell Industries
Entry Leverage
Net Debt / EBITDA
Base MOIC
Upside Case
Strategic exit / IPO
Deal Structure
Buyer
Target
Transaction
Enterprise Value
Closing (est.)
Financing
New Debt Raised
Facility
Sponsor Equity
Entry Leverage
Debt Authorization
Returns
Base Case MOIC
Base Case IRR
Upside MOIC
Hold Period4–5 yrs
Status
Circulated to IC
VoteToday, 11:00 AM
Pre-commitments
MP Sign-off
Investment Thesis
Net Debt / EBITDA — Combined Entity
Sources & Uses ($M)
Combined Cash Flow & Deleveraging ($M)
Investment Committee — Vote at 11:00 AM
Simple majority of 5 required. Managing Partner may not unilaterally withdraw a circulated memo once ≥3 members have pre-committed (IC Charter §4.2).
Activity
Data Room
📊 Combined Model v3.xlsx NEW
📄 IC Memo — Meridian/Blackwell Revised.pdf
📄 Term Sheet — $400M TLB (Draft, Ardent Credit).pdf
📊 Meridian Sale Model v2.xlsx
📄 IC Memo — Sale of Meridian to Blackwell.pdf
📄 Blackwell Industries — CIM.pdf
📄 Meridian Holdings — QoE Report (FY25).pdf
Active Deals
No pending actions.