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January 30, 2014

Unitus Capital, BMR Top Transaction Advisor League Tables for Private Equity, M&A in 2013

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

Unitus Capital and BMR Advisors made their entry into the top of the Venture Intelligence League Tables for the Most Active Transaction Advisors for Private Equity and Mergers & Acquisitions deals respectively in calendar 2013.

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.

Private Equity

Unitus Capital made its entry into the top of the Venture Intelligence League Table for Most Active Transaction Advisor (Private Equity) for calendar 2013 acting as financial advisor to 13 qualifying PE investments during the year (and notching up 50 points). Among the transactions advised by Unitus were the $57 million investment by Citi, Morgan Stanley, Tata Capital and India Financial Inclusion Fund in Janalakshmi Financial Services and Lok Capital’s exit from Satin Creditcare Network.

Intellecap and o3 Capital shared the second spot with 32 point (across eight deals) each. o3 Capital advised deals included Multiples PE’s $43-M investment in Milltec Group and TPG’s investment in Sutures India. Intellecap advised investments included Aavishkaar Goodwell and MSDF investing in Arohan Financial Services and SIDBI VC’s investment in Gramco Infratech.

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 2013. Ernst & Young notched up a total of 75 points across a total of 57 deals (6 of them for pure financial advisory). PE deals advised by Ernst & Young during 2013 included Everstone’s $33-M investment in Hinduja Leyland and Warburg Pincus’ investment in Avtec.

MAPE Advisory and Masterkey Holdings, which advised six deals each, completed the top five for 2013. New entrants into the Venture Intelligence league table in the category during 2013 included Cipher Capital Advisors, Signal Hill Capital and Sapphire Professional Services.  

M&A

BMR Advisors made its entry into the top of the Venture Intelligence League Table for the Most Active Transaction Advisor for Mergers & Acquisitions deals for calendar 2013 with 30 points (across 10 qualifying deals). Ernst & Young finished second with 28 points (across 7 deals) while Allegro Advisors followed close for the third spot with 26 points (across 7 deals).

BMR ended the year with 30 points having advised 10 qualifying deals including the $194-M acquisition of Claris Lifesciences’ Infusions Products Business by Japan’s Otsuka and the $45-M acquisition of Four Soft by Kewill Group.

Inclusive of due diligence and related advisory activities, Ernst & Young retained its status as Overall Most Active Transaction Advisor for M&A in 2013 with 76 points across a total of 52 deals (7 of them in a pure financial advisory capacity). Ernst & Young advised M&A transactions included TRIL Roads’ acquisition of IVRCL’s three highway projects and DHFL’s acquisition of DLF’s stake in DLF Pramerica. Allegro Advisors earned 26 points across 7 deals during the same period, while Deloitte earned 29 points across 18 deals.

Other transaction advisors who had advised a significant number of M&A deals during the year include Kotak Investment Banking (5 deals), o3 Capital and Axis Capital (4 deals each).

Some of the new entrants to this year’s M&A league tables included Merisis Advisors, J R Laddha Financial Services and Sapphire Professional Services.

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

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.