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 http://www.ventureintelligence.com/leagues.php
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.