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JP Morgan tops League Table for Transaction Advisors to M&A deals in 2018

Barclays, Goldman Sachs claim the No.2 & No.3 slots; EY claims top spot including other advisory services
JP Morgan topped the Venture Intelligence League Table for Transaction Advisor to M&A Transactionsin 2018. JP Morgan advised M&A deals worth $21.8 Billion (across 5 qualifying deals) during the period. Barclays ($21.1 Billion across 4 deals) and Goldman Sachs ($16.8 Billion across 2 deals) took the second and third spot. DSP Merrill Lynch and Morgan Stanley which advised the $14.6 Billion merger between Indus Towers and Bharti Infratel took the fourth spot. Alvarez & Marsal($9.6 Billion across 6 deals) came in fifth. The top three transaction advisors had advised the $16 Billion acquisition of Flipkart by Walmart.
The Venture Intelligence League Tables, the first such initiative exclusively tracking transactions involving India-based companies, are based on value of PE and M&A transactions advised by Transaction and Legal Advisory firms.
Apart from the Walmart-Fl…
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EY tops League Table for Transaction Advisors to Private Equity deals in 2018

Avendus, JP Morgan claim the No.2 & No.3 slots; PwC claims top spot including other advisory services
EY topped the Venture Intelligence League Table for Transaction Advisor to Private Equity Transactionsin 2018. EY advised PE deals worth $4.9 Billion (across 17 qualifying deals) during the period. Avendus ($2.9 Billion across 18 deals) and JP Morgan ($2.2 Billion across 2 deals) took the second and third spot. Barclays ($2 Billion across 3 deals) and KPMG ($1.7 Billion across 7 deals) completed the top five in 2018.
The Venture Intelligence League Tables, the first such initiative exclusively tracking transactions involving India-based companies, are based on value of PE and M&A transactions advised by Transaction and Legal Advisory firms.
EY advised deals during the year include Macquarie's $1.5 Billion investment in NHAI Toll-Operate-Transfer (TOT) Bundle and Blackstone's investment in Indiabulls' commercial assets in Mumbai. Avendus advised deals include the Nasp…

Shardul Amarchand Mangaldas tops League Table for M&A deals in 2018

AZB & Partners, Cyril Amarchand Mangaldas claim the No.2 & No.3 slots; AZB & Partners claims top spot by deal volume
Shardul Amarchand Mangaldas (SAM) topped the Venture Intelligence League Table for Legal Advisor to M&A Transactionsin 2018. SAM advised M&A deals worth $59.3 Billion (across 69 qualifying deals) in 2018. AZB & Partners ($42.6 Billion across 73 deals) and Cyril Amarchand Mangaldas (CAM, $34.2 Billion across 48 deals) took the second and third spot. Khaitan & Co. ($26.5 Billion across 67 deals) and Trilegal ($22.2 Billion across 18 deals) completed the top five in 2018.
The Venture Intelligence League Tables, the first such initiative exclusively tracking transactions involving India-based companies, are based on value of PE and M&A transactions advised by Transaction and Legal Advisory firms.
SAM advised deals include Walmart's $16 Billion acquisition of Flipkart and the $14.6 Billion merger between Indus Towers and Bharti Infratel. AZB…

Flipkart Exit Deal Propels Khaitan & Co. to Top of League Table for Private Equity deals in 2018

Cyril Amarchand Mangaldas, Trilegal claim the No.2 & No.3 slots; AZB & Partners claims top spot by deal volume
Khaitan & Co. topped the Venture Intelligence League Table for Legal Advisor to Private Equity Transactionsin 2018. Khaitan advised PE deals worth $16.5 Billion (across 55 qualifying deals) during the period. Cyril Amarchand Mangaldas (CAM) ($16 Billion across 56 deals) and Trilegal ($14.8 Billion across 26 deals) took the second and third spot. AZB & Partners ($12.8 Billion across 92 deals) and Shardul Amarchand Mangaldas (SAM) ($10.4 Billion across 82 deals) completed the top five in 2018.
The top three legal advisors had advised investors and promoters in the $12 Billion exit from Flipkart.
The Venture Intelligence League Tables, the first such initiative exclusively tracking transactions involving India-based companies, are based on value of PE and M&A transactions advised by Transaction and Legal Advisory firms.
Apart from the Flipkart exit, Khaitan &am…

Legal Capsule: Data Privacy & Protection: Analysing Srikrishna Committee Report against India’s WTO Obligations by Economic Laws Practice

Coinciding with the widespread global debate on data protection laws and citizens' privacy rights, a report titled "A Free and Fair Digital Economy: Protecting Privacy, Empowering Indians" ("Report") authored by a Committee of Experts under the chairmanship of Justice B.N. Srikrishna, and the Personal Data Protection Bill of 2018 ("Draft Bill") were submitted to the Government of India ("GOI") on 27 July 2018. The Draft Bill is quite comprehensive in its scope and places stringent obligations on businesses. In particular, it provides for measures relating to protecting the personal information of Indian citizens, the role and duties of data fiduciaries and data processors, rights of individuals, and penalties for violation of these data protection measures. 
This note does not touch upon the general impact of the data protection under the Draft Bill on cross-border data flow and thereby impact on international trade and e-commerce. Rather, th…

Legal Capsule: Interim Relief in Indian Arbitration Landscape by Economic Laws Practice

With the intent of establishing arbitration as the preferred mode of dispute resolution, the Arbitration and Conciliation (Amendment) Act, 2015 (“Amendment Act”) was passed by Indian parliament to amend the Arbitration and Conciliation Act, 1996 (“the Act”; the Act, as amended by the Amendment Act, has been referred to as the “Amended Act”). The Amendment Act is widely regarded as a positive step by the legislature to remedy the blemishes prevalent in the domestic law of arbitration. Amongst several remarkable changes introduced through the new regime, the legislature has taken steps to streamline the process of seeking interim measures from the courts (under section 9 of the Amended Act) and the arbitral tribunal (under section 17 of the Amended Act).
Policy of minimal intervention of courts: The Amendment Act has sought to rule out unnecessary intervention of courts during arbitral proceedings. In its effort to ensure that interim measures can only be granted if parties really intend…

Startup Investments hit record high with $7.5 Billion in 2018

Startup investments in India rose to their highest ever figure of $7.5 billion in 2018 (across 476 deals), according to data from Venture Intelligence, a research service focused on private company financials, transactions and their valuations. Led by the $1 Billion investments in Swiggy and Oyo, the investment value more than doubled compared to 500 deals worth $3.5 Billion recorded in 2017. Including the above two deals, there were thirteen $100M+ deals in 2018 accounting for 56% of the deal value(Note: Startup investments include Seed to Series G investments by venture capital and private equity funds in companies less than 10 years old. The data hence doesn't include investments like Berkshire Hathway's investment in One97 Communication/Paytm.)


The year saw the creation of 8 unicorns, more than any other year. Apart from well known consumer companies like Swiggy, Byjus, 3 B2B companies - Freshdesk, Udaan and Billdesk - also attained Unicorn status.
By Sector
Tech and tec…