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Backed byMicrosoft for Startups

Find off-market acquisition targets.

Steliqo builds thesis-specific target maps for lean teams sourcing private companies across CEE's fragmented private markets.

128
targets
34
reviewed
90
top score
Built for
Search funds
Independent sponsors
Small PE funds
M&A advisors

CEE deal activity is rising. Target visibility is not.

Record activity

1,568 CEE M&A deals in 2025, up 22.4% year-on-year.

Cross-border pressure

60.8% of CEE deals by volume involved cross-border buyers

Private target universe

Europe has 34m SMEs. The right targets are hidden in fragmented local company data.

Steliqo turns fragmented CEE company data into a ranked target universe with rationale, ownership context, and actionable memos.

What you get

A target map, not a database export.

One acquisition profile becomes a ranked universe, explainable scores, priority dossiers, and a short buy-side memo.

Example score
Highest-scored HVAC target in the project
90
Succession signal96
Financial stability88
Margin quality92
Size fit78
Risk screen84
Thesis fit91
*****************
Lublin, Poland - PLN 11.9m
90
Priority
*****************
Podkarpackie, Poland - PLN 31.5m
87
Priority
*****************
Podkarpackie, Poland - PLN 25.2m
86
Priority
Priority thesis

Owner-led HVAC installer with recurring technical revenue, strong EBITDA density, and clear regional add-on logic.

Owner angle

Concentrated private ownership creates a clean decision-maker path and a credible founder-succession outreach angle.

Validation focus

Confirm customer concentration, second-line management depth, and normalized EBITDA before first contact.

Evidence base

Financial filings, registry ownership, website evidence, local market signals, and analyst review notes.

Screened universe separates into priority founder-succession targets, add-on candidates, and margin outliers requiring manual validation.

Highest-conviction names combine clean private ownership, recurring service revenue, above-peer EBITDA density, and thesis-relevant geography.

Recommended next step: approach the top 10 with owner-specific messaging and keep a diligence queue for high-margin outliers.

Signals

Every target is scored against acquisition logic.

Steliqo combines public filings, ownership context, financial indicators, web signals, and review notes into a ranked target universe.

Fit

Sector, size band, geography, service mix, buyer relevance, and exclusion rules.

Quality

Financial data, margin profile, growth signals, and balance-sheet indicators.

Ownership

Founder-led signals, shareholder structure, group complexity, and registry people context.

Timing

Tenure, succession indicators, recent changes, and market-level triggers where available.

Reachability

Likely owner or operator contact paths, company context, and outreach readiness.

Confidence

Source freshness, data gaps, contradictory records, and manual review notes.

Workflow

From acquisition brief to ranked target map.

01
Diagnostic

Start with the market

Share the sector, geography, size band, and buyer profile. We assess coverage and fit before sensitive thesis detail is needed.

02
Scope

Define the pilot map

We agree the market boundaries, scoring logic, output format, timeline, and confidentiality terms.

03
Universe

Map and score the universe

Steliqo screens relevant companies across registry, financial, ownership, web, and market signals.

04
Delivery

Deliver the target map

You receive a ranked target universe, priority dossiers, source confidence, ownership context, and a buy-side memo.

Founder

Built from acquisition research and data systems.

Damian Kalupa built Steliqo, combining M&A, private-market research, data science, and enterprise data architecture work across financial-services and corporate environments.

The product started from a practical problem: acquisition teams do not need another raw database. They need a faster way to turn fragmented CEE company data into a ranked target universe.

Damian Kalupa
Damian Kalupa
Founder, Steliqo
Private equityM&AData scienceEnterprise architecture
RESEARCH PRINCIPLES
Research can start from neutral criteria before sensitive details are shared.
Deliverables focus on company intelligence, rationale, and source notes.
Steliqo does not broker deals or claim that targets are for sale.
Founder background
Luvenire Capital
Citi
Start with a mandate

Start with a mandate diagnostic.

Start with the CEE market you want to understand. We will outline available signals, likely coverage, and pilot scope before proprietary thesis detail is shared.

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