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October 22, 2010

AZB & Partners, Ernst & Young Continue to Top 2010 League Tables

Corporate law firm AZB & Partners continues to top the Venture Intelligence India League Tables as the Most Active Legal Advisor for both Private Equity and M&A deals – advising a total of 69 transactions - in the first nine months of 2010. Ernst & Young topped the League Tables as the Most Active Transaction Advisor (both PE and M&A) for the nine months ended September 2010.

The Venture Intelligence League Tables, the first such initiative exclusively tracking transactions involving India-based companies, are based on volume of PE and M&A transactions advised by Transaction and Legal Advisory firms.

Private Equity Deals

Among PE transactions, AZB advised 36 deals worth over $2 billion during the period including SBI-Macquarie’s $304 million investment in Viom Networks; the $300 million investment by Olympus Capital in Tata Power's coal mine SPVs in Indonesia and the $217 million investment by Standard Chartered PE, KKR and New Silk Route in Coffee Day Resorts. Other legal advisors who advised a significant number of PE transactions during the period include Indus Law with 15 deals, ALMT Legal and Trilegal with 9 deals and Amarchand & Mangaldas, DSK Legal and Nishith Desai Associates with 8 deals each.

Ernst & Young advised 7 PE deals worth $309 million during the period, including TPG Growth's $86 million investment in Lilliput Kidswear; Warburg Pincus’ $85 million investment in Metropolis Healthcare and Actis' $78 million investment in Tata Realty and Infrastructure's road project SPV. Other transaction advisors who advised a significant number of PE deals during the nine months ended Sep’10 include Intellecap (with 6 deals), and Edelweiss and Veda Corporate Advisors with 5 deals each.

M&A deals

Among M&A transactions, AZB advised 33 deals worth almost $21.8 billion during the period, including the Bharti’s acquisition of Zain’s African operations, Jindal Steel’s acquisition of Oman’s Shadeed Iron & Steel and Vedanta Resources’s acquisition of Cairn India. Other legal advisors who advised a significant number of M&A transactions during the nine months ended Sep’10 include Trilegal (10) Tatva Legal (11 deals) and Khaitan & Co and Rajani Associates with 8 deals each.

Ernst & Young advised 19 M&A deals worth almost $17.5 billion during the period, including Abbott Laboratories’ acquisition of Piramal’s domestic formulation business, Legrand’s acquisition of Indo Asian Fusegear’s Switchgear business and Bharti’s acquisition of Zain’s African operations. Other transaction advisors who had advised a significant number of M&A deals during the nine months ended Sep‘10 include Kotak (10), Ambit Corporate Finance (8) and Deloitte (11).

The full league tables can be viewed online at
http://ventureintelligence.in/league.htm

About Venture Intelligence

Venture Intelligence, a division of Chennai, India-based TSJ Media Pvt. Ltd., is the leading provider of data and analysis on Private Equity and M&A transactions in India. For more information, please visit http://www.ventureintelligence.in