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August 05, 2014

Ernst & Young Tops League Table for Most Active M&A Transaction Advisor for H1-2014

Kotak, I-Sec, MAPE and Singhi complete the Top 5 for pure financial advisory

Ernst & Young has topped the Venture Intelligence Most Active Transaction Advisor for Mergers & Acquisitions League Table for the first six months of 2014. The firm advised six qualifying deals (fetching it 22 points) followed by Kotak Investment Banking which advised four deals (16 points). ICICI Securities, MAPE and Singhi Advisors, shared the third spot for advising two deals each (8 points) in pure financial advisory roles during H1’14.

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.

Including due diligence and related advisory activities, Ernst & Young advised 21 deals during the period including Greenko Energies’ $104-M acquisition of Lanco Infratech’s Budhil Hydro Power Project and the $113-M acquisition of Jaypee Group’s stake in Bokaro Cement by Dalmia Cement. Including due diligence and related advisory, Kotak advised six deals including Hitachi’s $250-M acquisition of Prizm Payment Services and the $113-M acquisition of Loop Mobile by Bharti Airtel.

ICICI Securities advised M&A deals during H1’14 included the $140-M acquisition of Sterling Holiday Resorts by Thomas Cook India and Manappuram Finance’s acquisition of Milestone Home Finance. MAPE advised Profab Engineers in its acquisition by Germany’s PUK-WERKE and Parry Enterprises in the sale of its flexible packaging unit to Australia’s Amcor. Singhi Advisors advised Span Diagnostics on the sale of its invitro diagnostics business to Japan’s Arkay for $11.8 M and Vacation Exotica in the sale of its tours business to Balmer Lawrie.

Including due diligence and related advisory, Deloitte were advisors to 12 M&A deals and PwC to 11 M&A deals during H1’14.

The full league tables can be viewed online at

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.