Corporate law firm AZB & Partners and the Ernst & Young have topped the Venture Intelligence India League Tables for 2011. Ernst & Young – which advised a total of 93 qualifying transactions - topped the League Tables as the Most Active Transaction Advisor (both PE and M&A) for the year. Among legal advisors, AZB topped the tables in both the PE and M&A categories advising a total of 73 deals during the year. Both these firms had topped the league tables for the year 2010 as well.
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 45 deals during 2011 including GIC and Bain Capital’s $828 million investment in Hero Investments, and Warburg Pincus’ $150 million investment in Diligent Power. Other legal advisors who advised a significant number of PE transactions during 2011 include Amarchand & Mangaldas (44), Indus Law (31), ALMT Legal (29), DSK Legal (18),Trilegal (17), Khaitan & Co.(15), Novojuris (14), Nishith Desai Associates (12) and Tatva Legal (12).
Ernst & Young advised 64 PE deals during the period, including SUN Apollo’s Rs.100 crore investment in Parsvnath Developers’ premium residential project in Ghaziabad and Kitara Capital’s Rs.79 crore investment in automobile services firm myTVS. Other transaction advisors who advised a significant number of PE deals during 2011 include o3 Capital(10), Intellecap (9), Avendus (7), MAPE (5), Spark Capital (5), Unitus Capital (5) followed by Edelweiss Capital and ICICI Bank with 4 deals each.
Among M&A transactions, AZB advised 28 deals during the period, including the Pearson’s acquisition of a majority stake in TutorVista and Vodafone’s buyout of the Essar Group’s stake in their Indian mobile telephony JV. Other legal advisors who advised a significant number of M&A transactions during 2011 include Khaitan & Co. (29), Amarchand & Mangaldas (30), J Sagar Associates (12), Trilegal (11) and DSK Legal (10)
Ernst & Young advised 29 M&A deals during the period, including the Pearson-Tutorvista deal and Binani Industries’ acquisition of US-based Composite Products. Other transaction advisors who had advised a significant number of M&A deals during 2011 include Avendus Capital (12), PwC (19), KPMG (9), MAPE (7) and BMR Advisors (8).
The full league tables can be viewed online at http://ventureintelligence.in/league.htm