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Private Equity

“Private equity is known for planning its exit even as it walks in the door. That’s a good thing? ...as long as your interests are aligned. Exit means taking cash off the table - and everyone, founders included, likes cash.”
— Teddy Kurniawan

Private equity requires a direction, a thesis, an investment strategy. The smartest investors in the room, but alignment is everything. Let's build this business together.

Private equity transactions often stall not because there is no interest, but because the owner is not ready for it. The Investor sees the opportunity, the Target sees the offer. What's missing is the structure to bring both to terms.

Readiness is rarely just financial. It is credibility, documentation, governance, and the ability negotiate from a position of understanding rather than urgency.

Eliot & Luther has Private Equity DNA. We have represented private equity firms as advisers; we have worked for private equity backed firms as professionals. We understand private equity time horizons, deliverables and the relentless pressure from LPs and management.

We sit in the gap between Investor and Target - understanding both sides. Understanding that a deal that does not work is worse than a deal that does not happen. Aligning interests and expectations to create a long-term pathway that benefits all sides.

Integrated Advice

Finance

Build a Credible Foundation.

  • Business Readiness. Prepare financial models, earnings quality analysis, and valuation narratives that meet institutional PE diligence standards.

  • Deal Structure Assessment. Evaluate proposed equity structures, waterfall mechanics, and return scenarios to ensure terms reflect the fund's long-term investment thesis.

  • Competing Offer Analysis. Build a consistent framework to compare multiple offers across valuation, structure, and long-term economics

Legal

Transaction Completion. Without Risk.

  • Due Diligence. Strong objective due diligence with a focus on operations and protecting financial results.

  • Transaction Structuring & Documentation. Negotiate shareholder agreements, investment terms, governance rights, and exit provisions that protect the owner without creating post-close friction for the fund.

  • Regulatory & Compliance. Ensure the transaction is structured in compliance with relevant corporate, financial, and cross-border requirements.

Technical

Validates operational and asset integrity.

  • Technical Due Diligence. Assess asset condition, operational performance, and infrastructure quality.

  • Capex & Operational Assessment. Evaluate investment requirements and efficiency improvements.

  • Technical Support. Ensure operational alignment post-transaction and ongoing technical support.

Intelligence

Know your Counterparty.

  • Integrity Due Diligence. Detailed counterparty history, including previous political, joint venture and lender disputes.

  • Political Risk Analysis. Understand the counterparty's political exposure and any potential political risk.

  • Stakeholder Mapping. Assessing interested stakeholders and alignment of interests.

Beyond Boundaries

INTEGRATED PRIVATE EQUITY SOLUTIONS

  • A transaction that works for both Investor and Target is the only transaction worth closing. Eliot & Luther brings financial, legal, and technical disciplines, bridging both sides to terms that hold.

  • When we represent the Investor, the fund gains real on-the-ground business knowledge and understanding.

  • When we represent the Target, the fund gains a counterparty who is informed, credible, and committed.

Key Person

Teddy Kurniawan

SENIOR PRIVATE EQUITY CONSULTANT, Singapore
Teddy Kurniawan

Teddy brings over 30 years in private equity, M&A, and investment, primarily in Indonesia and Singapore, executing buyouts and growth investments across agribusiness, energy, resources, and consumer sectors, alongside cross-border deal exposure in the Asia Pacific and the United States. A former private equity professional, family-office investor, and serial entrepreneur who has founded and built operating companies, he sits naturally between investor and target - understanding the priorities, pressures, and exit expectations of each side.

Case Study

Strategic Sale of Fiber-ISP to PE-Backed Infrastructure Platform