Platform Updates: September 2025

Mosaic's Analysis at Various Prices ("AVP") is Fully Configurable

As Mosaic outputs are increasingly incorporated directly into firms' Investment Committee outputs, users have expressed a desire for more configurability of key analyses and their outputs.

Today we're excited to announce that the AVP is fully configurable to support flexibility requested by our users:

1 - Incorporate any Valuation Metric in your AVP. Any Op Model row that is designated as a Valuation Metric can be referenced in the AVP.

2 - Add any earnings period to the AVP. Any earnings period can be added to all or some of your valuation multiples analysis:

3 - Multiples can be calculated off Fully-Loaded TEV. Some firms display entry multiples as Total Enterprise Value divided by the relevant earnings metric. Others have expressed the desire to present multiples based on Fully-Loaded TEV (i.e., inclusive of fees and cash funded to the balance sheet at close). Mosaic now supports the ability to set this for each model. We strongly recommend setting this once as a firm default to consistently apply analyses across your firm's models:

4 - AVPs can be driven off a Purchase Multiple. Users have expressed the desire not to drive the AVP increments by the TEV, but rather by the purchase multiple. This release supports that:

5 - Custom Column Counts. Users can now set a custom number of AVP columns depending on how much variability / sensitivity they want to show:

5 - Setting custom intervals. Users sometimes want to show specific values - for example, amounts above the current bid only.

Mosaic's AVP Auto-Sensitizes Debt to Respect Minimum Equity

Mosaic now auto-accommodates a classic "gotcha" in deal modeling - AVP cases in which the purchase price is reduced, but the debt is held constant, breaching the minimum equity requirement.

In such cases, Mosaic will automatically reduce the assumed entry debt (starting with the junior-most tranche) until the minimum equity requirement is once again satisfied.

This reduction in debt of course impacts the levered free cash flow calculation (i.e., less interest expense), which Mosaic also automatically factors in:

This functionality is also replicated through the Excel download in a detailed sub-schedule:

Mosaic's Case Comparison is Fully Configurable

As Mosaic outputs are increasingly incorporated directly into firms' Investment Committee outputs, users have expressed a desire for more configurability of key analyses and their outputs.

Today we're excited to announce that the Case Comparison is fully configurable to support flexibility requested by our users:

1 - Reorder and hide cases for presentation

2 - Recolor cases for presentation

3 - Add additional Op Model detail

4 - Add Free Cash Flow detail

5 - Add more forecast years to each case

Let us know what you think 📣

Mosaic has been built over the years by the collective intelligence of the private equity industry - specifically, by you, our users - through your thoughtful product feedback.

Your feedback is instrumental in helping us build a product that you'll continue to love far into the future. Please reach out if there is anything we can do to make your Mosaic experience even better.

That's all for now! Shoot us a note at support@mosaic.pe if you can think of anything else you'd like to see in Mosaic!