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July 12, 2017

ICICI Securities Tops League Table for Financial Advisor to Private Equity Transactions in H1 2017

Veda Corporate Advisors & o3 Capital top by deal volume; EY tops table inclusive of due diligence & other services

 Venture Intelligence PEVC, M&A League Tables

ICICI Securities claimed the top position in the Venture Intelligence League Table for Transaction Advisor to Private Equity deals in H1 2017 acting as financial advisor to the $383 million stake sale in ICICI Lombard General (by Fairfax Holdings) to investors including Warburg Pincus. Citi (which advised the $360 million Tata Technologies-Warburg Pincus deal)and Axis Capital ($275 million buyout of Aegis BPO by Capital Square Partners) registered the second and third spots respectively. 

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.

Deloitte ($250 million investment by CDPQ in a Realty JV with Piramal Enterprises) and Avendus ($208 million across four deals) completed the Top 5 list by value. Avendus advised deals were led by the $80 million Series C round raised by food delivery firm Swiggy.com and the $56 million investment in market research firm MarketsandMarkets.

Veda Corporate Advisors and o3 Capital topped the tables in terms of deal volume advising five deals each. Avendus, KPMG, Intellecap and IndigoEdge came in next advising four deals each.

Veda advised deals included the $15 million investment raised by facilities management firm Updater Services and the $10 million raised by Dr. Mohan’s Diabetes Clinic. o3 Capital advised deals include the $30 million raised by Continuum Wind Energy and $21 million raised by Nightingales Home Health Services.

Inclusive of its roles in due diligence and related advisory activities, EY advised deals with a value tag of $2.2 Billion (across a total of 21 deals) during H1’17. EY advised deals during the period included the $950 million investment in Bharti Infratel by CPPIB and KKR and the $250 million investment by Macquarie in Hindustan Power Projects (Formerly Moser Baer Projects). By deal count, KPMG came in second advising six deals worth $287 million including the $200 million investment in ReNew Wind Power.

Among Impact / Social Venture investments, Intellecap topped in terms of number of deals advised - four deals with a value tag of $44 million including the investment in Arohan Financial Services by Tano Capital and Aavishkaar.

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.