Cyril Amarchand Mangaldas, Khaitan & Co. claim the No.2 & No.3 slots
AZB & Partners topped the Venture Intelligence League Table for Legal Advisor to Private Equity Transactions during the first six months of 2017. AZB advised PE deals worth $4.8 Billion (across 36 qualifying deals) during the period. Cyril Amarchand Mangaldas ($3 Billion across 27 deals) and Khaitan & Co. ($1.5 Billion across 17 deals) followed next. Shardul Amarchand Mangaldas ($1.1 Billion across 10 deals) and S&R Associates ($555 million across 8 deals) completed the top five for H1’17.
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 advised deals include Carlyle’s $955 million investment in PNB Housing and the $952 million investment by investors including KKR in Bharti Airtel. Transactions advised by CAM included the $1.4 Billion investment in Flipkart by Microsoft, Tencent, and eBay and the $250 million investment in Phoenix Mills by Canada Pension Plan Investment Board(CPPIB). Transactions advised by Khaitan & Co. included the $383 million stake sale in ICICI Lombard by Fairfax Holdings to Warburg Pincus and the Phoenix Mills - CPPIB deal.
AZB topped the tables in terms of deal volume, while CAM and Khaitan & Co. came in next. With 15 deals each, Indus Law and Vertices Partners occupied the fourth spot. J Sagar Associates (14 deals) claimed the fifth spot.
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.