M&A Critique

Ratchets in M&A: Navigating the tax and regulatory field in India

In today’s deals, investors are taking bolder bets on niche, unproven businesses where future performance is highly uncertain. This makes it even harder — for both founders and investors — to answer a basic question: what is this company worth right now?

While earn-outs are a well-known tool for bridging that gap by tying part of the purchase price to future results, there is a parallel mechanism, far less ...

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M & A Critique

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