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July 25, 2016

Cyril Amarchand Mangaldas tops League Table for Legal Advisors to M&A Transactions in H1 2016

AZB & Partners, Trilegal complete the top 3 slots; Khaitan & Co. tops by deal volume

Cyril Amarchand Mangaldas (CAM) topped the Venture Intelligence League Tables for Legal Advisors to M&A transactions for the first six months of calendar 2016 advising deals with a value tag of $7,580 million (across 17 qualifying transactions).  CAM was followed by AZB & Partners which advised deals worth $3,899 million (across 19 qualifying deals) and Trilegal ($2,579 million across 12 qualifying 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.

CAM advised M&A deals during the period included the $2,380 million acquisition of Jaiprakash Associates’ cement plants by UltraTech Cement and the $978 million acquisition of Jindal Steel and Power’s thermal power plant by JSW Energy. Transactions advised by AZB included the $1370 million acquisition of Welspun Renewable Energy by Tata Power and the $1,179 million acquisition of Alliance Tire Group by Yokohama Tire Corporation. Transactions advised by Trilegal included the$464 million acquisition of Tata Communication Data Centres by Singapore Technologies Telemedia and the $48 million stake hike in Kenyan firm Style Industries by Godrej Consumer Products.

Khaitan & Co. topped the table in terms of deal volume. Deals advised by Khaitan & Co included the $62 million buyout of consumer durables equipment maker Amber Enterprises by Goldman Sachs and $100 million acquisition of cricket broadcaster Willow TV International by Times Internet. Khaitan & Co. was followed by AZB & Partners and Cyril Amarchand Mangaldas who took the second and third spot in terms of quantum of deals advised.

Khaitan & Co. also topped both Domestic and Outbound deals table with nine and three deals respectively. Cyril Amarchand Mangaldas led the Inbound table with eight qualifying deals.

The period also saw a many new entrants including TRA and Clove Legal to the Venture Intelligence Legal Advisors for M&A league table.

The full league tables can be viewed online at

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.