Private-company M&A has a discovery problem before it has a transaction problem.
Owners frequently do not know which acquirers should genuinely want their business, and the ones who find them are often the ones who found everybody. Acquirers spend a great deal of professional time filtering opportunities that were never within their mandate. Advisors solve part of this well. But many owners do not want full representation, or already have an advisor who simply wants better buyer coverage.
None of that is a failure of effort. It is a structural information problem, and it happens before anyone has negotiated anything.
Vareth exists to improve the quality of that first connection. The test we hold ourselves to: the two parties we introduce should be parties who would have wanted to meet anyway and who would probably never have found each other.