mirror of
https://github.com/NousResearch/hermes-agent.git
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31224b9b5c
Extends the Windows-gating work to the optional-skills/ tree. Every
SKILL.md that previously omitted the platforms: field now carries an
explicit declaration, which Hermes's loader (agent.skill_utils.
skill_matches_platform) honors to skip-load on incompatible OSes.
58 skills declared cross-platform (platforms: [linux, macos, windows]):
autonomous-ai-agents/blackbox, autonomous-ai-agents/honcho
blockchain/base, blockchain/solana
communication/one-three-one-rule
creative/blender-mcp, creative/concept-diagrams, creative/hyperframes,
creative/kanban-video-orchestrator, creative/meme-generation
devops/cli (inference-sh-cli), devops/docker-management
dogfood/adversarial-ux-test
email/agentmail
finance/3-statement-model, finance/comps-analysis, finance/dcf-model,
finance/excel-author, finance/lbo-model, finance/merger-model,
finance/pptx-author
health/fitness-nutrition, health/neuroskill-bci
mcp/fastmcp, mcp/mcporter
migration/openclaw-migration
mlops/accelerate, mlops/chroma, mlops/clip, mlops/guidance,
mlops/hermes-atropos-environments, mlops/huggingface-tokenizers,
mlops/instructor, mlops/lambda-labs, mlops/llava, mlops/modal,
mlops/peft, mlops/pinecone, mlops/pytorch-lightning, mlops/qdrant,
mlops/saelens, mlops/simpo, mlops/stable-diffusion
productivity/canvas, productivity/shop-app, productivity/shopify,
productivity/siyuan, productivity/telephony
research/domain-intel, research/drug-discovery, research/duckduckgo-search,
research/gitnexus-explorer, research/parallel-cli, research/scrapling
security/1password, security/oss-forensics, security/sherlock
web-development/page-agent
5 skills gated from Windows (platforms: [linux, macos]):
mlops/flash-attention - Flash Attention wheels are Linux-first; Windows
install requires building from source with CUDA
mlops/faiss - faiss-gpu has no Windows wheel; gate rather than
leak partial (faiss-cpu) support
mlops/nemo-curator - NVIDIA NeMo ecosystem has no first-class Windows path
mlops/slime - Megatron+SGLang RL stack is Linux-only in practice
mlops/whisper - openai-whisper + ffmpeg setup on Windows is
non-trivial; gate until Windows install stanza lands
Methodology: scanned every SKILL.md for Windows-hostile signals
(apt-get, brew, systemd, osascript, ptrace, X11 binaries, POSIX-only
Python APIs, Docker POSIX $(pwd) bind-mounts, explicit 'linux-only' /
'macos-only' text). 3 skills flagged as having hard signals on review:
docker-management and qdrant only had POSIX $(pwd) docker examples and
the tools themselves (Docker Desktop, Qdrant) run fine on Windows —
declared ALL. whisper had an apt/brew ffmpeg install path and nothing
else but the openai-whisper Windows install story is rough enough to
warrant gating.
Strict-over-lenient policy: when in doubt, gate. Easier to un-gate after
verified Windows support lands than to leak partial support that
manifests as mid-task failures for Windows users.
144 lines
5.3 KiB
Markdown
144 lines
5.3 KiB
Markdown
---
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name: merger-model
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description: Build accretion/dilution (merger) models in Excel — pro-forma P&L, synergies, financing mix, EPS impact. Pairs with excel-author. Use for M&A pitches, board materials, or deal evaluation.
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version: 1.0.0
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author: Anthropic (adapted by Nous Research)
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license: Apache-2.0
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platforms: [linux, macos, windows]
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metadata:
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hermes:
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tags: [finance, m-and-a, merger, accretion-dilution, excel, openpyxl, modeling, investment-banking]
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related_skills: [excel-author, pptx-author, dcf-model, 3-statement-model]
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---
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## Environment
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This skill assumes **headless openpyxl** — you are producing an .xlsx file on disk.
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Follow the `excel-author` skill's conventions for cell coloring, formulas, named ranges, and sensitivity tables.
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Recalculate before delivery: `python /path/to/excel-author/scripts/recalc.py ./out/model.xlsx`.
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# Merger Model
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Build accretion/dilution analysis for M&A transactions. Models pro forma EPS impact, synergy sensitivities, and purchase price allocation. Use when evaluating a potential acquisition, preparing merger consequences analysis for a pitch, or advising on deal terms.
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## Workflow
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### Step 1: Gather Inputs
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**Acquirer:**
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- Company name, current share price, shares outstanding
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- LTM and NTM EPS (GAAP and adjusted)
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- P/E multiple
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- Pre-tax cost of debt, tax rate
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- Cash on balance sheet, existing debt
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**Target:**
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- Company name, current share price, shares outstanding (if public)
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- LTM and NTM EPS or net income
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- Enterprise value or equity value
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**Deal Terms:**
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- Offer price per share (or premium to current)
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- Consideration mix: % cash vs. % stock
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- New debt raised to fund cash portion
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- Expected synergies (revenue and cost) and phase-in timeline
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- Transaction fees and financing costs
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- Expected close date
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### Step 2: Purchase Price Analysis
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| Item | Value |
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|------|-------|
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| Offer price per share | |
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| Premium to current | |
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| Equity value | |
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| Plus: net debt assumed | |
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| Enterprise value | |
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| EV / EBITDA implied | |
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| P/E implied | |
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### Step 3: Sources & Uses
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| Sources | $ | Uses | $ |
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|---------|---|------|---|
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| New debt | | Equity purchase price | |
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| Cash on hand | | Refinance target debt | |
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| New equity issued | | Transaction fees | |
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| | | Financing fees | |
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| **Total** | | **Total** | |
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### Step 4: Pro Forma EPS (Accretion / Dilution)
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Calculate year-by-year (Year 1-3):
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| | Standalone | Pro Forma | Accretion/(Dilution) |
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|---|-----------|-----------|---------------------|
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| Acquirer net income | | | |
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| Target net income | | | |
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| Synergies (after tax) | | | |
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| Foregone interest on cash (after tax) | | | |
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| New debt interest (after tax) | | | |
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| Intangible amortization (after tax) | | | |
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| Pro forma net income | | | |
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| Pro forma shares | | | |
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| **Pro forma EPS** | | | |
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| **Accretion / (Dilution) %** | | | |
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### Step 5: Sensitivity Analysis
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**Accretion/Dilution vs. Synergies and Offer Premium:**
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| | $0M syn | $25M syn | $50M syn | $75M syn | $100M syn |
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|---|---------|----------|----------|----------|-----------|
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| 15% premium | | | | | |
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| 20% premium | | | | | |
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| 25% premium | | | | | |
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| 30% premium | | | | | |
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**Accretion/Dilution vs. Cash/Stock Mix:**
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| | 100% cash | 75/25 | 50/50 | 25/75 | 100% stock |
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|---|-----------|-------|-------|-------|------------|
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| Year 1 | | | | | |
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| Year 2 | | | | | |
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### Step 6: Breakeven Synergies
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Calculate the minimum synergies needed for the deal to be EPS-neutral in Year 1.
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### Step 7: Output
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- Excel workbook with:
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- Assumptions tab
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- Sources & uses
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- Pro forma income statement
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- Accretion/dilution summary
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- Sensitivity tables
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- Breakeven analysis
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- One-page merger consequences summary for pitch book
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## Important Notes
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- Always show both GAAP and adjusted (cash) EPS where relevant
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- Stock deals: use acquirer's current price for exchange ratio, note dilution from new shares
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- Include purchase price allocation — goodwill and intangible amortization matter for GAAP EPS
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- Synergy phase-in is critical — Year 1 is often only 25-50% of run-rate synergies
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- Don't forget foregone interest income on cash used and new interest expense on debt raised
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- Tax rate on synergies and interest adjustments should match the acquirer's marginal rate
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## Data sources — MCP first, web fallback
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Many passages below say "use the S&P Kensho MCP / Daloopa MCP / FactSet MCP". Those are commercial financial-data MCPs from the original Cowork plugin context. In Hermes:
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- **If you have any structured financial-data MCP configured** (Hermes supports MCP — see `native-mcp` skill), prefer it for point-in-time comps, precedent transactions, and filings.
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- **Otherwise**, fall back to:
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- `web_search` / `web_extract` against SEC EDGAR (`https://www.sec.gov/cgi-bin/browse-edgar`) for US filings
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- Company IR pages for press releases, earnings decks
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- `browser_navigate` for interactive data portals
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- User-provided data (explicitly ask when the context doesn't have it)
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- **Never fabricate**. If a multiple, precedent, or filing number can't be sourced, flag the cell as `[UNSOURCED]` and surface it to the user.
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## Attribution
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This skill is adapted from Anthropic's Claude for Financial Services plugin suite (Apache-2.0). The Office-JS / Cowork live-Excel paths have been removed; this version targets headless openpyxl via the `excel-author` skill's conventions. Original: https://github.com/anthropics/financial-services
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