M&A Critique

KKR’s Stellar Exit: A Textbook Case of Private Equity Value Creation in Torrent Pharmaceuticals’ Acquisition of J.B. Chemicals

In a major consolidation move in the Indian pharmaceutical sector, Torrent Pharmaceuticals Limited (โ€œTorrentโ€ or โ€œAcquirerโ€) has announced the acquisition of a 46.39% controlling stake in J.B. Chemicals and Pharmaceuticals Limited (โ€œJBโ€ or โ€œTargetโ€) from global investment firm KKR, followed by a proposed merger of JB into Torrent. This strategic transaction marks one of the largest domestic pharma deals in recent year...

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Aniruddha Jain

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