Professional Services
Private Equity Services
Fundraising structuring, transaction documentation, and financial due diligence for private equity rounds
Supporting Clients Through the Private Equity Fundraising Process
JARVS supports companies and promoters through private equity fundraising—from structuring the round and preparing the requisite documentation, to conducting financial due diligence and advising on the rights attached to the instruments being issued. Our private equity practice is built on the same regulatory rigour and documentation discipline that defines our consultation and advisory services.
We work alongside founders, boards, and investors on the execution and compliance dimensions of a raise—structuring, documentation, due diligence, and instrument advisory—while companies retain their own bankers or advisors for investor origination and pitch development. This scope distinction is intentional: it allows us to focus deeply on the legal, financial, and regulatory mechanics of each transaction.
Service Areas
Fundraising, Documentation & Due Diligence
Four pillars covering everything between deciding to raise and closing the round
01
Fundraising Support
How the round itself gets structured—before a single document is drafted.
- Capital structure and round structuring advisory
- Cap table modelling and dilution analysis
- Valuation support and benchmarking inputs
- Regulatory structuring under Companies Act and FEMA (for cross-border investors)
- Coordination with investors’ counsel and advisors through closing
- Post-round compliance and regulatory filings (ROC, FEMA reporting)
02
Transaction Documentation
Every binding paper a round needs, drafted and negotiated end to end.
- Shareholders’ Agreements (SHAs) and amendments
- Share Subscription Agreements (SSAs)
- Share Purchase Agreements (SPAs) for secondary transactions
- Term sheets and letters of intent
- Board and shareholder resolutions for issuances
- Investor rights, anti-dilution, and exit clause drafting
03
Financial Due Diligence
Verifying the numbers an investor is actually pricing the round on.
- Financial statement and ledger review
- Working capital and quality-of-earnings analysis
- Tax and statutory compliance due diligence (Income Tax, GST)
- Related-party transaction and contingent liability review
- Corporate and secretarial records verification
- Due diligence reporting and red-flag summaries
04
Equity Instrument Advisory
Getting the rights attached to what’s actually being issued right.
- Equity shares and differential voting rights structuring
- Preference shares (CCPS/CRPS) terms and conversion mechanics
- Debentures (CCDs/NCDs) structuring and security terms
- Share warrants and conversion rights
- ESOP pool sizing and interaction with new issuances
- Companies Act, SEBI (ICDR), and RBI pricing guideline compliance
How a Round Comes Together
The Private Equity Transaction Lifecycle
A private equity round typically moves through six stages, from the first valuation model to the filings that follow money in the bank. Select a stage below to see what it involves and where JARVS is engaged.
Stage 1 — Financial Modelling & Valuation
Before any investor conversation, the company’s financials are modelled forward—revenue assumptions, burn rate, runway, and the capital required to hit the next milestone. This feeds into a valuation range and an initial view of how much equity the round will realistically cost the founders. JARVS supports this stage with financial statement clean-up, working capital analysis, and valuation benchmarking inputs that give the model credible footing.
Stage 2 — Round Structuring & Cap Table Design
With a valuation range in hand, the round is structured: how much is being raised, against what instrument (equity shares, CCPS, CCDs), and how the resulting dilution sits across founders, existing investors, and the ESOP pool. JARVS supports this stage with cap table modelling, dilution analysis, and structuring advisory under the Companies Act and, where cross-border investors are involved, FEMA.
Stage 3 — Term Sheet & Negotiation
Once an investor signals interest, commercial terms are set down in a term sheet or letter of intent—valuation, instrument, board seats, information rights, and protective provisions. This is where the shape of the eventual Shareholders’ Agreement is largely decided. JARVS supports this stage by drafting and reviewing term sheets, and flagging clauses (anti-dilution, liquidation preference, drag/tag rights) that will materially affect founders later.
Stage 4 — Due Diligence
The investor’s diligence team verifies what the term sheet was priced on—financial statements, tax positions, related-party transactions, contingent liabilities, and corporate records. Unresolved findings here routinely re-open valuation discussions. JARVS supports this stage by running the financial and tax due diligence directly, or by preparing the company’s data room and records to withstand external diligence smoothly.
Stage 5 — Definitive Documentation & Closing
Diligence findings get reflected in the binding documents—the Share Subscription Agreement, Shareholders’ Agreement, amended charter documents, and board and shareholder resolutions authorising the issue. Conditions precedent are satisfied and signed off before funds move. JARVS supports this stage by drafting and negotiating the full SSA/SHA suite, preparing resolutions, and coordinating with the investor’s counsel through to signing.
Stage 6 — Post-Fund Compliance
Money in the bank triggers its own filings: Form PAS-3 and updated statutory registers with the ROC, FEMA reporting (Form FC-GPR) where the investor is a non-resident, and an updated cap table and ESOP pool reflecting the new instrument. Missing these deadlines carries real penalty exposure. JARVS supports this stage by handling the post-round regulatory filings and keeping the company’s secretarial records current.
Scope of Engagement
Our private equity practice covers fundraising structuring, documentation, financial due diligence, and advisory on equity-linked instruments across Stages 1–6 above. We do not undertake investor pitching, deal origination, or placement services typical of a core investment banking mandate—clients retain their own bankers or advisors for those functions, while JARVS handles the legal, financial, and regulatory execution alongside them.
Common Questions
Frequently Asked Questions
Does JARVS help find investors for a fundraise?
No. JARVS does not undertake investor origination, pitching, or placement—the core functions of an investment bank. Clients retain their own bankers or advisors for that role. JARVS handles the structuring, documentation, due diligence, and regulatory execution once the fundraising conversation is under way.
Can JARVS draft the Shareholders’ Agreement and Share Subscription Agreement for our round?
Yes. Drafting and negotiating Shareholders’ Agreements, Share Subscription Agreements, term sheets, and the supporting board and shareholder resolutions is a core part of our private equity practice, alongside investor rights, anti-dilution, and exit clause drafting.
What does financial due diligence for a PE round actually cover?
Our financial due diligence covers financial statement and ledger review, working capital and quality-of-earnings analysis, tax and statutory compliance checks under Income Tax and GST law, related-party transaction and contingent liability review, and verification of corporate and secretarial records—consolidated into a due diligence report with red-flag summaries.
What’s the difference between equity shares, preference shares, and debentures in a PE round?
Equity shares carry ordinary voting and ownership rights. Preference shares (often issued as CCPS) typically carry a preferred return and convert to equity on agreed terms. Debentures (such as CCDs or NCDs) are debt instruments that may convert to equity later or carry security over assets. Each carries different rights on dividends, conversion, voting, and exit—the right choice depends on what the investor and company are trying to achieve. JARVS advises on structuring and documenting whichever instrument the round uses.
What compliance is required after a PE round closes?
Post-fund obligations typically include the Form PAS-3 return of allotment and updated statutory registers with the Registrar of Companies, FEMA reporting (Form FC-GPR) where the investor is a non-resident, and updating the cap table and ESOP pool to reflect the new issuance. JARVS handles these filings as part of fundraising support.
Planning a Fundraise?
Connect with our team to discuss structuring, documentation, or due diligence support for your transaction.