M&A Intelligence
Comparable deals by size, structure and payment type, with time to close and who advised.
Bankers & Corporate Development
Precedent, from the agreement itself.
Breakup fees, go-shop windows, financing conditions and MAE carve-outs pulled from the filed merger agreements — so a comp set takes minutes and every term cites the section it came from.
- §every term cited to a section
- 2015–deal history
- 40+extracted term types
- minto a comp set
- 0hand-keyed summaries
- everydeal linked to its filing
The problem
The terms you need are in the agreement, not the tombstone
Deal databases give you the parties, the price and a date. The questions that actually decide a negotiation — how big was the breakup fee, was there a go-shop, how were MAE carve-outs drafted — live in an exhibit nobody indexed. The agreement is filed. It is readable.
What you get instead
- Precedent searchfind comparable terms by structure
- Term extractionearnouts, breakup fees, conditions
- Deal timelinesfrom announcement to close
- A citation per termthe section that says so
What solves it
Comps from the signed agreement
SEC Pro+
The filed agreement itself, searchable by clause: breakup fees and key terms, with the page they're on.
How SEC Pro+ works →Why teams switch
The fee number in the database was wrong. The section in the agreement was not. That is the whole argument.
extracted from the exhibitcited to the sectionamendments tracked
Precedent from the paper
Talk to our team about how you work today, or start a trial and explore the platform yourself.
The details
One comp set, end to end
from a screen to a drafted term, every number cited
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01 · The screen
Take-privates · same sector · last 24 months
structure, size and sector — not a keyword search
the comp set, in one query
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02 · The term
Deal B — 3.1% breakup fee · go-shop 35 days · financing condition none
extracted, not summarised
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03 · The agreement
Merger agreement · Exhibit 2.1 · §7.3
Accession 0001193125-25-041722
Also extracted — MAE carve-outs
every term one click from the clause
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04 · The timeline
announced 14 Mar · closed 2 Aug
announced vote closedhow long this structure actually takes
What's in the solution
Four jobs this covers end to end.
01 · Precedent
Comps by structure
Screen by deal type, size, sector and consideration mix, so the comp set matches the deal in front of you rather than the sector average.
M&A Intelligence
02 · Terms
What the agreement says
Breakup and reverse-breakup fees, go-shop windows, financing conditions, earnouts and MAE carve-outs — extracted from the exhibit.
Agreements
03 · Timing
How long it really takes
Announcement to close by structure and by regulator, so a timeline estimate rests on what comparable deals did.
Deal timelines
04 · Defensibility
Cited to the section
Every extracted term carries the accession number and section reference, so the memo survives the room it is read in.
Provenance
How it lands on your desk
Same agreements — a different question depending on the seat.
M&A bankers
The scenario
You are building a precedent set for a pitch and the terms that matter are buried in exhibits across a dozen filings.
M&A IntelligenceAgreementsReports
How Kaleidoscope helps
- A comp set by structure in minutes rather than a week of reading
- Breakup fee as a percentage of equity value across the set
- Go-shop prevalence and typical window by deal type
- Announced-to-closed timelines to set client expectations
- Every figure in the deck cites the agreement behind it
Corporate development
The scenario
You are negotiating and need to know whether what the other side is asking for is market — with something to show for it.
AgreementsM&A IntelligenceAlerts
How Kaleidoscope helps
- What is market for this structure and this size
- How MAE carve-outs were drafted in comparable deals
- Reverse-breakup fees when financing is a real risk
- Serial acquirers and the terms they typically accept
- The clause itself, not a paraphrase of it
Legal & diligence
The scenario
You need precedent language and you need to be certain it is what was actually filed rather than a database's rendering of it.
AgreementsProvenanceReports
How Kaleidoscope helps
- Clause text as filed, with the section reference
- Amendments tracked against the original agreement
- Conditions precedent and termination rights side by side
- Exportable extract with citations for the file
- No restated values after the fact
Event-driven investors
The scenario
You are pricing spread risk and the answer depends on how likely this deal is to close, and when.
M&A IntelligenceAlertsAgreements
How Kaleidoscope helps
- Base rates by structure, regulator and consideration mix
- Financing conditions that create real break risk
- Timeline distributions rather than a single guidance date
- Amendment alerts the day terms change
- Comparable broken deals and why they broke
The products
One product finds the deals; one reads the paper; one watches for the next.
M&A Intelligence
The precedent layerAnnounced and closed transactions with structure, consideration and parties — screenable the way a banker actually builds a comp set.
- Screen by structure, size, sector and consideration
- Announced-to-closed timelines per deal
- Acquirer history and serial-buyer patterns
- Every deal linked to its filings
Explore M&A Intelligence →
2015–deal history
Breakup fee as % of equity value
Deal A2.5%
Deal B3.1%
Deal C1.9%
Deal B · announced 14 Mar, closed 2 Aug · merger agmt §7.3
Also extracted: go-shop window, financing condition, MAE carve-outs
Illustrative — a comp set by structure, every term cited to the agreement
Agreements
The paper layerMerger agreements, credit agreements and material contracts parsed to the clause, so a term is a quotation rather than a field someone typed.
- Breakup and reverse-breakup fees as drafted
- Go-shop windows and match rights
- Financing conditions and MAE carve-outs
- Section reference on every extracted term
Explore Agreements →
§cited to the section
A filed merger agreement, parsed by section — terms one click from the clause
Alerts
The part that watchesNew deals in your sector, amendments to a live agreement and closings on the transactions you are tracking.
- New announcements matching a screen
- Amendments and revised terms on a live deal
- Regulatory and closing milestones
- Routed per sector or per client
Explore Alerts →
<60sfiling to alert
Counsel — a filed agreement summarized, every statement quoted from the document
Every product in this solution
Start with the deal screen and the agreements; add alerts when you go live.
Full data catalog →Core platform
- M&A Intelligence Deals, structure and timelines Deal screen
- Agreements Merger agreements parsed to the clause Paper
- Alerts New deals, amendments and closings Triggers
- SEC Pro+ The filings behind every deal Research UI
Data layers that feed it
- Mergers Announced and closed deals, terms, comparables Live
- Agreements Material contracts, cited to the clause Live
- SEC · Filings 8-K, S-4, DEFM14A and the exhibits Live
- Private Markets Sponsor activity and private buyers Live
- News Materiality-scored, correlated to price Live
- Catalyst Votes and regulatory milestones Live
- Company Profiles Private targets and their people Live
- Tranche Financing behind the consideration Live
Workflow & delivery
- Reports Precedent sets with citations attached HTML · MD · JSON
- APIs Deal and term data into your models REST · Bulk
- AI Chat Ask across the agreements, get cited answers MCP · Chat
- Watchlists Sectors and acquirers that re-screen themselves Workflow
| How it compares | Kaleidoscope | Deal databases | Manual review |
|---|---|---|---|
| Terms | Extracted from the filed exhibit | Headline fields, hand-keyed | Whatever you read |
| Coverage of clauses | 40+ term types, structured | A handful | One deal at a time |
| Citation | Accession and section on every term | Rarely | Yes — if you kept notes |
| Time to a comp set | Minutes | Hours of cleanup | Days to weeks |
| Timelines | Announced to closed, per structure | Announcement date only | Assembled by hand |
| Amendments | Tracked against the original | Often missed | Missed unless watched |