Knowledge Partners

 Economic Laws Practice       Avalon Consulting

 Technloogy Holdings   

October 16, 2017

AZB advises PE deals worth about $11 B in First 9 Months of 2017

AZB & Partners continued to top the Venture Intelligence League Tables for Private Equity Transactions during the first nine months 2017 advising deals worth $10.9 Billion. AZB was followed by Cyril Amarchand Mangaldas ($5.8 B) and Khaitan & Co. ($4.3 B). J Sagar Associates ($2.2 B) and Shardul Amarchand Mangaldas ($2.1 B) completed the top 5 for the year so far.

AZB topped the table by number of deals as well reporting 60 qualifying deals followed by Cyril Amarchand Mangaldas (53 deals) and Khaitan & Co. (30 deals). Shardul Amarchand Mangaldas (23 deals) and IndusLaw (22 deals) completed the top 5 by deal volume.

Among foreign firms, Gunderson Dettmer advised 3 deals worth $2.9 B including SoftBank's investments in Flipkart and Oyo Rooms.

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.

In Q3 2017

The Indian legal advisors to the mega $2.5 Billion Flipkart - SoftBank deal included AZB & Partners and Khaitan & Co. AZB & Partners also advised the IPO Exit of Fairfax from ICICI Lombard General Insurance

Cyril Amarchand Mangaldas, Desai & Diwanji, Shardul Amarchand Mangaldas, and foreign firms Latham & Watkins and Slaughter & May advised the Carlyle investment in SBI Cards & Payments. Apart from Gunderson Dettmer, AZB & Partners, Cyril Amarchand Mangaldas, IndusLaw, and Themis Associates advised the SoftBank investment in Oyo Rooms.

The full league table can be viewed online at

To update your firm's standings in the League Tables for October 2017, reach out to Varatha 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.