logo

Generate an M&A Longlist with AI – How to Find the Right Company to Acquire

Creating an M&A longlist is the first step toward a successful business succession. Viaductus uses AI and commercial register data to automatically identify suitable acquisition targets – including off-market opportunities.

7 min reading time

You want to buy a business – but how do you find the right one? This is the single biggest hurdle for MBI candidates: systematically identifying companies that are actually available for acquisition. In M&A, this first step is called "building a longlist." Viaductus does exactly that – automated, data-driven, and with access to companies that aren't listed anywhere.

Why Your Longlist Determines Success or Failure

Before you can buy a company, you need to know which companies are even worth considering. A longlist is your first overview of potential acquisition targets, filtered by industry, region, size, and other criteria.

The problem: most MBI candidates only search where everyone else does – on the major business-for-sale marketplaces. But the best deals often happen away from these platforms. Business owners who are thinking about succession but haven't actively listed their company simply don't show up there.

If you rely solely on public listings, you're only seeing the tip of the iceberg.

The Problem with Traditional Search

Many aspiring business buyers spend months manually searching for the right company. They browse succession marketplaces, ask around in their network, or hire expensive advisors. The results are often disappointing:

  • Too few candidates: Public listings cover only a fraction of the market
  • Outdated information: Companies that have long been sold or gone insolvent still appear in databases
  • No access to off-market deals: The most attractive acquisition targets are often not publicly visible
  • Time-consuming: Weeks or months for a list that ends up being too short or too imprecise

How Viaductus Works

Viaductus takes a fundamentally different approach. Instead of relying solely on public listings, the platform combines two critical data sources:

Commercial Register Data for Off-Market Targets

Viaductus systematically analyzes data from the German commercial register (Handelsregister). This makes it possible to identify companies whose owners are at a typical succession age, whose shareholder structure suggests an upcoming generational transition, or that exhibit other characteristics signaling a potential succession opportunity – all without these companies actively seeking a buyer.

The result: you gain access to companies that your competitors simply don't have on their radar.

AI-Powered Vector Search

Instead of basic keyword matching, Viaductus uses AI-powered vector search. You describe what you're looking for – for example, "metal fabrication company near Stuttgart, €2–5M revenue, owner-managed" – and the AI finds companies that semantically match your search profile. This means the search understands the context of your query and surfaces matches that a traditional keyword search would miss entirely.

Three Steps to a Completed Longlist

1. Define Your Search Profile

Describe the type of company you're looking for. Relevant criteria include industry, region, revenue range, employee count, or ownership structure. The more precise your profile, the better the results – but broader searches deliver valuable results too.

2. AI Searches All Available Data Sources

Viaductus automatically scans public listings, commercial register data, and additional sources. The AI evaluates each result for relevance and ranks them by fit with your search profile.

3. Your Longlist Is Ready – With Direct Outreach

You receive a structured longlist with all relevant information. Using the integrated outreach tool, you can contact promising candidates directly and personally – no intermediaries needed.

Why Viaductus Is Especially Valuable for MBI Candidates

As an MBI candidate, you face a unique challenge: you're not acquiring a company from within a corporate structure, and you often don't have an existing network of business owners looking to sell. You have to build your own deal flow from scratch.

That's exactly what Viaductus is built for:

  • Off-market access: Find companies before they appear on succession marketplaces – or that will never appear there at all
  • Independent search: You don't need advisors or brokers to identify potential targets
  • Direct outreach: Contact business owners directly and personally through the integrated outreach tool
  • Data-driven decisions: Instead of relying on gut feeling, you work with structured, current company data

Off-Market: The Decisive Advantage

The market for business succession in Germany is enormous – according to KfW, hundreds of thousands of businesses will face the succession question in the coming years. Many of these business owners haven't started an active process yet. They're open to conversations, but invisible on the usual platforms.

Viaductus makes exactly these companies visible. By analyzing commercial register data and applying AI-driven analysis, the platform identifies potential succession candidates before a listing is ever posted. For you as an MBI candidate, this means less competition and stronger negotiating positions.

Data Protection and Confidentiality

M&A processes require absolute confidentiality. Viaductus takes data protection seriously:

  • Servers located in Germany: All data is processed in German data centers
  • GDPR compliance: Full adherence to European data protection standards
  • Confidential search: Your search profiles and activity are visible only to you

Conclusion: Your M&A Longlist – Faster, More Complete, Data-Driven

Finding the right company to acquire doesn't have to take months. Viaductus combines AI vector search with commercial register data and gives you, as an MBI candidate, access to companies that don't appear on any succession marketplace. Instead of weeks of manual research, you get a well-founded longlist – including the ability to reach out to business owners directly.

👉 Start building your longlist at viaductus.de

Frequently Asked Questions

How does Viaductus find companies that aren't publicly listed?

Viaductus systematically analyzes commercial register data to identify companies that show typical signs of an upcoming generational transition. This makes potential succession candidates visible before an active sales process has even begun.

What makes the AI search different from a regular keyword search?

The vector search understands the semantic context of your query. Instead of filtering only by exact terms, it finds companies that match your search profile in meaning – even if they use different terminology or operate in adjacent industries.

Can I contact companies directly through Viaductus?

Yes. Viaductus includes an integrated outreach tool that lets you approach identified companies individually and directly – without intermediaries.

Is Viaductus only for MBI candidates?

No. Strategic investors, M&A advisors, private equity firms, and family offices also use Viaductus for longlist generation. However, the platform is particularly valuable for MBI candidates who need to build their own deal flow independently.

About the author

Christopher Heckel profile picture

Christopher Heckel

Co-Founder & CTO

Christopher has led the digital transformation of financial solutions for SMEs as CTO of SME financier Creditshelf. viaductus was founded with the goal of helping people achieve their financial goals with technology for corporate acquisitions and sales.

How much is your company worth?

Use our free valuation tool and get a first well-founded assessment in just a few minutes.