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January 25, 2016

AZB & Partners Tops League Table for Legal Advisors to M&A Transactions in 2015

Luthra & Luthra, Cyril Amarchand Mangaldas claim the No.2 & No.3 slots


AZB & Partners topped the Venture Intelligence League Tables for Legal Advisors to M&A transactions in 2015 advising deals with a value tag of $9224 million (across 64 qualifying transactions). AZB & Partners was followed by Luthra & Luthra which advised deals worth $6123 million (across 10 deals); Cyril Amarchand Mangaldas ($5459 million across 31 deals).

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

AZB & Partners advised M&A deals during the period included the $1,170 million acquisition of telecom tower firm VIOM Networks by American Tower Corporation and the $800 million acquisition of women's health business of Famy Care by Mylan Laboratories. Transactions advised by Luthra & Luthra included the $4,004 million acquisition of iGate by France-based Capgemini and PVR’s $78 million acquisition of DLF’s cinema exhibition business DT Cinemas. Cyril Amarchand Mangaldas advised deals included Jaiprakash Power Ventures’ sale of its hydropower projects to JSW Energy for $1466 million and the $767 million acquisition of Lafarge India’s two cement units by Birla Corporation.

Other legal advisors who had advised significant M&A deals during the year included Shardul Amarchand Mangaldas ($4,785 million across 27 deals), Khaitan & Co. ($3,977 across 36 deals) and J Sagar Associates ($2041 million across 32 deals).

AZB & Partners also topped the table in terms of deal volume. AZB was followed by Khaitan & Co and J Sagar Associates in terms of quantum of deals advised.
The period also saw a lot new entrants like Veritas Legal, PDS Legal, Legalogic Consulting and Patanjali Associates enter the Venture Intelligence Legal Advisors for M&A league table.
The full league tables can be viewed online at http://www.ventureintelligence.com/leagues.php