M&A Intelligence Platform

Due diligence that
moves at
deal speed.

Mirex compresses 6–10 weeks of mid-market M&A due diligence into days. AI-native data room analysis, red flag extraction, SPA drafting, and R&W insurance scoring — purpose-built for deal teams.

Mirex Data Room Analyzing — Project Atlas
Docs Scanned
2,847
Red Flags
14
R&W Score
72/100
Critical
Change-of-control clause triggers $4.2M penalty in 3 supplier contracts
Source: /vendor-agreements/Tier1/MSA_Rajesh_Infra.pdf · §12.4
Medium
IP assignment incomplete for 2017–2019 contractor cohort (38 individuals)
Source: /legal/IP/contractor-assignments/ · 38 files
Medium
ESOP pool exceeds board-authorized limit by 3.1% as of last cap table
Source: /corp/captable/Q3_2024_CapTable.xlsx · Tab: ESOP
Draft Ready
SPA Schedule 3 (Disclosures) — 47 items auto-populated from data room
Export → .docx · Review in Mirex Editor
Clear
No pending or threatened material litigation identified across 430 documents
Source: /legal/litigation/ · 430 documents scanned
6–10wk
traditional due diligence cycle
72hr
average Mirex diligence completion
94%
red flag recall vs manual review
40+
SPA clause templates in library

Mid-market M&A runs on
manual grind.

Every mid-market deal buries associates in thousands of unstructured documents. Red flags hide in footnotes. Deals stall. Mistakes reach closing.

Before Mirex

  • Associates spend 60–80% of diligence time simply reading and categorizing documents with no leverage from prior deals
  • Red flags buried in footnotes, side letters, and attachments regularly survive manual review undetected
  • SPA schedules drafted manually from scratch on every deal — expensive senior counsel time, high error rate
  • R&W insurers lack standardized disclosure quality scoring, leading to wide premium variance
  • No institutional memory: learnings from prior deals stay locked in individual associates' heads or buried email threads

With Mirex

  • Full data room ingested and classified in minutes; every document tagged, indexed, and cross-referenced automatically
  • AI reads every clause, footnote, and exhibit — red flags ranked by materiality with exact document citations
  • SPA disclosure schedules and warranty tables auto-drafted from extracted data, ready for counsel to review and refine
  • Standardized R&W insurance scoring report generated from diligence findings — shareable directly with underwriters
  • Deal memory compounds across engagements — Mirex learns your playbook, flags deviations, surfaces precedent clauses

Built for every seat
at the deal table.

🏦

Private Equity

Compress buy-side diligence timelines, run more deals in parallel, and capture institutional deal memory across your portfolio.

⚖️

M&A Counsel

Auto-draft SPA disclosure schedules and warranty annexes grounded in data room evidence — reducing drafting time by 70%.

🏢

Corporate Dev

Give in-house M&A teams the diligence horsepower of a large firm without scaling headcount ahead of deal flow.

🛡️

R&W Insurers

Receive standardized, scored diligence packages with machine-readable risk taxonomies — faster underwriting, tighter pricing.

Four engines.
One deal room.

Mirex integrates across the full diligence lifecycle — from raw data room ingestion to execution-ready legal documents.

🔬

Data Room Intelligence

Upload any VDR export or connect via API. Mirex classifies, indexes, and cross-references thousands of documents in minutes — financials, contracts, compliance, HR, IP.

Core Engine
🚩

Red Flag Extraction

AI reads every clause, footnote, side letter, and exhibit. Material risks are ranked by severity, mapped to deal categories, and cited back to exact document provisions.

Risk Intelligence
📄

SPA & Disclosure Drafting

Share Purchase Agreement schedules, disclosure letters, and warranty tables are auto-drafted from extracted findings — with your firm's clause library as the baseline.

Legal Automation
📊

R&W Insurance Scoring

Standardized representation and warranty insurance scoring report generated from diligence findings. Share structured risk packages directly with underwriters.

Insurance Ready
💬

Deal Room Q&A

Ask any question about the data room in plain English. "Show all contracts with change-of-control provisions expiring before close." Results include page-level citations.

Natural Language
🧠

Institutional Memory

Mirex learns your firm's playbook across deals. Deviations from your standard terms are flagged automatically. Precedent language surfaces at the clause level.

Deal Intelligence

From data room to
deal-ready in hours.

Five stages, fully automated. Your team reviews findings and refines drafts — Mirex handles the reading.

01
Ingest
Connect your VDR or upload data room. Any format, any structure.
02
Classify
Every document tagged by type, category, jurisdiction, and deal relevance.
03
Extract
AI reads all clauses. Red flags ranked by materiality with citations.
04
Draft
SPA schedules, disclosure letters, and R&W scoring auto-generated.
05
Deliver
Review, refine, and export deal-ready documents directly to counsel.

Every diligence workstream,
covered.

01Financial Analysis
02Legal & Contracts
03IP & Technology
04Compliance & Regulatory
05HR & Equity
06R&W Insurance

Financial Analysis

Parse three-statement models, management accounts, and audit reports. Surface anomalies, revenue trends, and working capital adjustments with source citations.

Revenue recognition policy analysis and consistency check across periods
Unusual transaction detection: related-party flows, one-time items, timing shifts
Working capital normalization recommendations with historical variance analysis
Debt and off-balance-sheet obligation mapping (leases, guarantees, earn-outs)

IP & Technology

Verify IP ownership chains, open-source license compliance, and contractor assignment completeness. Essential for any tech-enabled target.

Contractor IP assignment gap analysis — identify unassigned cohorts by year
Open-source license compliance review across disclosed codebases
Patent and trademark registration status verification
Key-person dependency mapping for core technology and systems

Compliance & Regulatory

Surface licensing gaps, pending regulatory actions, data privacy exposure, and environmental liability — before they reach the indemnity schedule.

License and permit coverage map vs. operating jurisdictions
Data privacy gap analysis (GDPR, DPDP Act, CCPA) from privacy policy and contracts
Government notice and regulatory correspondence flagging
Anti-bribery and sanctions screening against disclosed counterparty lists

HR & Equity

Analyze cap tables, ESOP pools, key employee agreements, and employment liability — including change-of-control acceleration triggers.

ESOP pool vs. board-authorized limit verification and dilution modeling
Acceleration clause detection in option grants and RSU agreements
Key employee retention risk scoring and non-compete enforceability review
Benefits and statutory compliance gap analysis (PF, Gratuity, ESIC for India)

R&W Insurance

Generate a standardized representation and warranty insurance scoring report from your diligence findings — shareable with underwriters in one click.

Structured risk taxonomy mapped to standard R&W warranty categories
Materiality scoring by category — financial, legal, IP, compliance, HR
Disclosure quality score based on completeness and consistency of data room
Shareable PDF report formatted for direct submission to R&W underwriters

Weeks become
hours.

The math is simple: fewer weeks means more deals, lower cost, and faster closes.

Traditional Process
6–10 weeks
  • Week 1–2: Data room organization & initial review
  • Week 2–4: Workstream-by-workstream manual review
  • Week 4–6: Red flag report drafting and cross-checking
  • Week 6–8: SPA schedule and disclosure letter drafting
  • Week 8–10: R&W insurance underwriting preparation
With Mirex
48–72 hours
  • Hour 1: Data room ingested, classified, and indexed
  • Hour 2–6: All workstreams analyzed in parallel
  • Hour 6–12: Red flag report with citations generated
  • Hour 12–24: SPA schedules auto-drafted for review
  • Hour 24–48: R&W scoring package ready for underwriters

Built by someone who has
seen the problem firsthand.

AD
Arpan Das
Founder & CEO, Mirex
Mirex Founded 2024

Arpan Das

Founder & Chief Executive Officer

Arpan Das founded Mirex after spending years watching mid-market M&A deals slow to a crawl under the weight of manual due diligence. Having worked closely with deal teams across buy-side advisory and legal practice, he saw the same pattern repeat: brilliant associates buried in thousands of documents, red flags surfacing late, and counsel drafting disclosure schedules from scratch on every transaction.

His conviction is straightforward — the cognitive work of due diligence has not fundamentally changed in decades, but the technology to automate it now exists. The question was never whether AI could read contracts faster than humans. The question was whether it could be trusted to do so with the precision deal teams require.

"The purpose of due diligence is judgment — knowing what matters and why. Mirex handles the reading so deal teams can focus on the thinking."

Mirex is built on the belief that the first AI-native M&A intelligence layer will be won by a team with deep domain expertise in deal process, not just ML engineering. Arpan has assembled a founding team that combines M&A legal and financial experience with applied AI research — the two sides of the product that cannot be separated.

M&A Advisory Transaction Counsel Applied AI Legal Tech Private Equity

Why Mirex, why now.

$4T
Annual M&A deal value globally
The mid-market segment ($50M–$500M deal value) represents the highest diligence cost-to-deal-size ratio — and the most underserved by existing tools.
$2.4M
Average legal diligence cost per deal
Driven almost entirely by associate hours spent on document review — a task that scales linearly with data room size, regardless of deal complexity.
38%
Of deals uncover post-close surprises
EY research shows more than a third of acquirers identify material issues that were present but missed in due diligence — at significant financial cost.

Priced per deal,
not per seat.

Mirex charges per deal engagement — so your cost scales with your deal flow, not your headcount. No annual commitments at the deal tier.

Starter
$4,500
per deal engagement
For advisors and counsel running single transactions who want a significant diligence accelerant without a platform commitment.
  • Up to 2,000 documents
  • Red flag report with citations
  • SPA Schedule 3 auto-draft
  • Natural language Q&A
  • 72-hour turnaround SLA
Get Started
Enterprise
Custom
bespoke pricing
For large-cap advisors, investment banks, and R&W insurers requiring custom integration, white-labeling, or bespoke model training.
  • Everything in Platform
  • Custom clause library training
  • White-label option
  • Private deployment
  • Underwriter API (R&W)
  • SLA-backed uptime guarantees
Contact Sales

Common questions

How is data security handled?
All data room documents are processed in isolated, deal-specific environments. No document from one deal is ever accessible in another. SOC 2 Type II certification in process.
What VDRs does Mirex integrate with?
Mirex accepts direct upload of any VDR export. Native API integrations with Datasite, Intralinks, and Ansarada are available on Platform and Enterprise tiers.
Does Mirex replace legal counsel?
No — Mirex handles document review and first-draft legal language. All outputs are reviewed and finalized by qualified counsel. Think of Mirex as the world's fastest paralegal team.
How accurate is the red flag extraction?
In internal testing against manually reviewed data rooms, Mirex achieves 94% recall of material red flags at 91% precision. Every finding includes a source citation to verify independently.
Can we customize the clause library?
Platform and Enterprise tiers support full clause library customization — upload your firm's standard agreements and Mirex uses them as the benchmark for drafting and deviation detection.
Is there a free trial?
We offer a pilot on a single live or redacted historical deal at no charge for qualified PE funds and advisory firms. Book a demo to discuss eligibility.

See Mirex on a
real deal.

We respond to every request within one business day.

Let's talk about your next deal.

Book a 30-minute demo where we'll run Mirex live on a redacted historical data room — or your own if you have one ready. You'll see red flags extracted, schedules drafted, and an R&W scoring report generated in real time.

✉️
Email
arpan@mirex.ai
📍
Location
Mumbai · Bangalore · London
🕐
Response Time
Within 1 business day
Pilot Programme
Free pilot on one deal for qualified PE funds
We're onboarding five PE funds and two advisory boutiques as design partners. Pilot participants get Mirex on one real deal at no charge and direct input into the product roadmap.