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January 30, 2013

Spark Capital tops PE League Tables as pure play financial advisor in 2012


Ernst & Young retains Most Active Transaction Advisor status inclusive of due diligence, other services

Chennai-headquartered boutique investment bank Spark Capital made its entry into the top of the Venture Intelligence League Table for Most Active Transaction Advisor (Private Equity) for calendar 2012 acting as financial advisor to nine PE investments during the year. Among the transactions advised by Spark were the $100 million investment by GIC in Vasan Healthcare and the $27 million investment in Equitas Holdings by IFC, India Financial Inclusion Fund and MicroVentures.

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 (combined with credits based on fulfilment of criteria) advised by Transaction and Legal Advisory firms.

Inclusive of its roles in due diligence and related advisory activities, Ernst & Young retained its status as overall Most Active Transaction Advisor for Private Equity in 2012. Ernst & Young advised PE deals during 2012 included SBI Macquarie’s $150-M investment in Ashoka Concessions and IDFC PE’s investment in Star Agri Warehousing and Collateral Management.

While E&Y notched up a total of 49 points (across a total of 28 deals), while Spark ended the year with 36 points and PwC completed the top three with 33 points (across 27 deals). Allegro Advisors came in at number four advising seven deals. Unitus Capital and Avendus Capital, which advised six deals each, completed the top five for 2012.

Among pure financial advisory roles, Ernst & Young and Allegro Advisors shared the second spot (after Spark) with seven deals each. Allegro Capital advised deals included GE Capital’s $23-M investment in Biocon’s subsidiary Syngene International.

Among Social Venture investments, Unitus Capital topped the charts with five deals (including the investment by GAWA Microfinance Fund and Citi in Jananlakshmi Financial Services and Sonata Finance raising investment from Creation Investments). Intellecap advised three social venture investments. 

New entrants into the Venture Intelligence league table in the category during 2012 included Akasam Consulting and SMC Capitals.

The full Most Active Transaction Advisor (Private Equity) league table can be viewed online at
http://ventureintelligence.in/leagueib-pe.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


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