The Kautilya Newsletter
Deal-structure teardowns from Kautilya's advisory desk — buyer, target, structure, and a scorecard, every time, so you can compare deals as the archive grows.
JSW Paints bought Akzo Nobel India (Dulux) for up to ₹12,915 Cr and became India's No. 4 paints player overnight. Full breakdown of the deal structure, valuation, and buy-vs-build lessons.
Read Teardown →Lockheed Martin paid $3.45B for Ultra Maritime, an undersea-warfare business Advent International bought in 2022 and grew from $494M to an estimated $784M in revenue. Here's the deal, the multiple, and what it means for buy-side value creation.
Read Teardown →REA Group didn't sell Housing.com for cash — it swapped operating control for a 24.9% stake in Aurum PropTech. Kautilya's deal-structure teardown of India's biggest proptech consolidation move of 2026.
Read Teardown →KKR turned a Rs. 3,100 Cr pharma acquisition into a Rs. 25,689 Cr exit in five years. Here is what the 24.8x EBITDA Torrent-JB Chemicals deal means for founder-owned pharma businesses in India — and how to close the valuation gap before you engage a bank.
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