Waterfall modeling and M&A in 2025

An unprecedented PE backlog points to heightened exit activity over the next twelve months. But the current liquidity landscape requires more than the same old spreadsheets and outmoded tools.

Now, private equity firms and CFOs are in need of a new category of software: Sophisticated, end-to-end solutions that can model complex entities, provide greater visibility into their businesses, and position firms to take advantage of market tailwinds.

In this Carta Special Report, we explore emerging M&A trends and how sophisticated and precise waterfall modeling will differentiate firms over the next half-decade and beyond.