About

An independent research house in Zurich.

Valstron publishes independent analysis of M&A, private equity and real estate transactions.

Leadership

The person behind the research.

Portrait of David Baburi
ValstronZürich · Est. 2024

FounderHead of Research

David Baburi

Every price carries a view of the future. Our work is to read that view before we judge it.

David Baburi founded Valstron in Zurich in 2024 and leads its research. He sets the research agenda and is responsible for every Deal Snapshot, from the first primary source to the final assessment.

His work centres on how transactions are structured and what valuations imply: what a price already assumes, which risks a structure absorbs, and where value has to be earned after closing.

Role
Founder & Head of Research
Based in
Zurich, Switzerland
Coverage
M&A · Private Equity · Real Estate

d.baburi@valstron.chLinkedIn

Mission

To bring structure and clarity to individual private-market transactions, in a form that professionals can read in minutes.

Valstron was founded in Zurich in 2024.

Our product is analysis: precise, sourced and independent.

Standards

  • IndependenceNo mandates, no capital, one perspective: our own.
  • SourcingEvery figure traced to its origin, and listed.
  • PrecisionOne transaction, one page, no noise.
  • DiscretionConversations with practitioners stay private.
Philosophy

What we believe.

Read the deal, not the headline.

Headlines report a price. We read the structure, the terms and the incentives behind it.

One page is a discipline.

Compression forces judgement. What matters stays on the page; what does not is left out.

Sources before opinions.

Every figure is traced to its origin before we form a view, and the source is listed next to it.

Independent by design.

No mandates, no capital and no deals to win. The only interest we serve is the reader's understanding.

Perspective from first hand.

The best context comes from people who have done the work. We seek it out and name it.

Made in Zurich.

A financial centre where precision and discretion are part of the culture. We hold our work to both.

Method

How a Snapshot is made.

  1. 01

    Source

    We start from primary material: filings, announcements and registers. Every statement is traced to a source we list.

  2. 02

    Structure

    Parties, terms and structure are set out in a compact table, so the facts are clear before interpretation begins.

  3. 03

    Assess

    We give an independent reading of valuation, structure and risk, supported by carefully designed tables and charts.

  4. 04

    Refine

    Every Snapshot is edited for clarity and checked once more against its sources before it appears.

The Valstron Brief

New Deal Snapshots, delivered.

Every new Snapshot and selected perspectives, on the day they are published.