Northern Cardinal mark Northern CardinalIndependent Advisory
Independent M&A & Diligence Advisory

Clear counsel at
the decisive moment
of a transaction.

Northern Cardinal is a boutique advisory firm. We guide owners, boards, and investors through mergers, acquisitions, and the diligence that de-risks them — with the focus of a small team and the rigor of a large one.

Sell-side · Buy-side · Due diligence · Capital
01 / Senior-led

The bankers who win the mandate are the ones who do the work.

02 / Independent

No financing, no products to sell — only advice that serves you.

03 / Diligence-first

We pressure-test value before anyone signs, not after.

Capabilities

What we do

Four disciplines, one team. We take on a small number of engagements at a time so that the people you meet are the people who deliver.

01

Transaction Advisory

Sell-side and buy-side M&A — from preparation and positioning through negotiation, structuring, and close.
Sell-side · Buy-side · Carve-outs · Mergers
02

Due Diligence

Financial, commercial, and operational diligence that surfaces what matters — before it shows up in the price.
Financial · Commercial · Operational · QofE
03

Capital Advisory

Raising and structuring capital: growth equity, recapitalizations, and strategic minority investments.
Growth equity · Recaps · Debt · Minority
04

Strategic Counsel

Ongoing advice for boards and owners on options, timing, and readiness — long before a process begins.
Readiness · Options review · Board advisory
Experience

Selected engagements

Representative work since 2021, across North America and Brazil. Counterparties and figures are withheld for discretion.

Private Equity · Wellness
Capital raise for a middle-market fund acquiring wellness & consumer brands
$50–250Mraised
Capital advisoryPuerto Rico, US
Health & Beauty Mfg.
Multiple acquisitions of a vitamin, supplement & cosmetics manufacturer
$25–100Mdeployed
Buy-side · Roll-upAtlanta, US
Hair Care
Majority acquisition of a hair-care brand
$5–15Mdeployed
Buy-sideVictoria, CA
Supplements
Majority acquisition of a supplements brand
$1–5Mdeployed
Buy-sideAtlanta, US
Supplements
Minority investment in a supplements laboratory
$1–5Mdeployed
Buy-side · MinorityMiami, US
Events & Experiences
Joint venture with a leading university & college events operator
$1–5Mdeployed
JV advisorySão Paulo, BR
Financial Technology
Capital raise for a financial technology company
$25–100Mraised
Capital advisorySão Paulo, BR
Software
Sell-side advisory for a food-delivery software company
Undisclosed
Sell-sideSão Paulo, BR
Internet & Gaming
Buy-side advisory for internet applications & games, for a publicly-traded company
Undisclosed
Buy-sideSão Paulo, BR
Sectors

Where we focus

Depth over breadth. We build a point of view in the markets we know, and stay close to the people who operate in them.

Wellness & Consumer Brands
Health, Beauty & Personal Care
Vitamins & Supplements
Software & Internet
Financial Technology
Gaming & Digital Media
Events & Experiences
Private Equity & Funds
Contact

Let's talk before
it's a process.

The most useful conversations happen early. Reach out — initial discussions are confidential and carry no obligation.

By appointment
Available remotely & on-site