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January 27, 2016

SBI Capital Markets Tops Transaction Advisor League Tables for M&A in 2015

Deloitte Tops Transaction Advisor status inclusive of due diligence, other services 

SBI Capital Markets topped the Venture Intelligence League Tables for Transaction Advisor to M&A transactions for 2015 advising M&A deals worth $2,233 million (across 2 qualifying deals) followed by Credit Suisse ($1,970 million across 2 deals) and Arpwood Capital ($1,917 million across 2 deals).

SBI Capital Markets advised M&A deals during the year were the Jaiprakash Power Ventures’ sale of its hydropower projects to JSW Energy for $1,466 million and the $767 million acquisition of Lafarge India’s two cement units by Birla Corporation. Credit Suisse advised deals were 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.

Arpwood Capital advised M&A deals in 2015 were the $1,150 million acquisition of Senvion by Centerbridge Partners from wind turbine maker Suzlon Energy and the $767 million acquisition of Lafarge India’s two cement units by Birla Corporation.

Goldman Sachs ($1,480 million across 2 deals) and Axis Capital ($1,466 million across 4 deals) completed the top 5 for 2015.

Inclusive of its roles in due diligence and related advisory activities, Deloitte topped the League Tables for Transaction Advisor for M&A in 2015. Deloitte advised M&A deals worth $4,169 across 25 deals (7 of them were pure financial advisory). M&A deals advised by Deloitte during the period included the $80 Million acquisition of Cellent AG by Wipro and the $258 million acquisition of Kesh King by FMCG firm Emami. PwC came in next advising M&A Deals worth $2,823 million across 24 deals (4 of them were pure financial advisory). M&A deal advised by PwC included the $117 million merger of retail business of Future Retail with Bharti Retail and the $312 million acquisition of Sharekhan by BNP Paribas.

Deloitte also topped the table in terms of deal volume, followed by Ernst & Young (whose notable deals during the year included the $315 million buyout of Crompton Greaves Consumer Electricals by Advent International & Temasek and the $78 million acquisition of DT Cinemas by PVR). BMR Advisors came in next in terms of quantum of deals advised. Notable deals advised by BMR included the $194 million acquisition of Global Hospitals by IHH Healthcare Berhad and the $15 million acquisition of Discoverture Solutions by MindTree Consulting.

New Entrants to the Venture Intelligence M&A table for Legal Advisors during 2015 include 7i Capital, Arpwood Capital, Bharat Banka, Kriscore, Novistra Capital and Intequant.

Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to Sign Up for the FREE Weekly Edition of the Deal Digest: India's First & Most Exhaustive Transactions Newsletter.