Knowledge Partners

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July 17, 2017

AZB & Partners tops Legal Advisor League Table for PE deals in H1’17

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

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.