Skip to main content

AZB & Partners tops Legal Advisor League Table for PE deals in 2017

Shardul Amarchand Mangaldas, Cyril Amarchand Mangaldas claim the No.2 & No.3 slots

AZB & Partners topped the Venture Intelligence League Table for Legal Advisor to Private Equity Transactions in 2017. AZB advised PE deals worth $16 Billion (across 91 qualifying deals) during the period. Shardul Amarchand Mangaldas ($7.7 Billion across 44 deals) and Cyril Amarchand Mangaldas ($6.3 Billion across 61 deals) followed next. Khaitan & Co. ($5 Billion across 43 deals) and Trilegal ($4.3 Billion across 28 deals) completed the top five in 2017.
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 SoftBank’s $3.9 Billion investment in Flipkart and Paytm. Transactions advised by SAM included the $1.4 Billion investment in Paytm by SoftBank and the $1.4 Billion investment by GIC in DLF Cyber City. Transactions advised by CAM included the $1.4 Billion investment in Flipkart by Tencent, Microsoft and eBay and $500 million investment by Canadian Pension Plan Investment Board (CPPIB) in Indospace Core logistics platform.
AZB topped the tables in terms of deal volume as well with CAM coming in second. SAM and Khaitan & Co. followed next. With 31 deals, Indus Law completed the top 5. Two  young firms - Vertices Partners and Spice Route Legal - have registered spots in the top 10.

Among foreign firms, Gunderson Dettmer advised 4 deals worth $2.9 Billion, Kirkland & Ellis advised Bain Capital’s $1 Billion investment in Axis Bank, and Shearman & Sterling advised 3 deals worth $375 million.

By Industry

Among PE transactions in IT & ITeS (by value), AZB, Khaitan & Co. and SAM formed the top three with CAM and Trilegal accounting for the fourth and fifth slots respectively. By deal volume, SAM and IndusLaw were tied at first place with 20 deals each. CAM and AZB occupied the third and fourth place followed by K Law with 15 deals.

In Financial Services, the toppers remained the same as in the composite table - AZB, SAM and CAM. By deal volume, after AZB, CAM and Khaitan & Co., Vertices Partners came in at fourth spot with 8 deals worth $78 million, followed by Trilegal.

AZB topped in Infrastructure deals with $2.2 Billion, followed by SAM and Trilegal. CAM came in fourth followed by S&R Associates in fifth place.

AZB also topped in Healthcare & Lifesciences, followed by J Sagar Associates in second place, DSK Legal and IndusLaw in third place. Nishith Desai and ALMT Legal came next advising deals worth $200 million each. By deal volume, along with AZB and IndusLaw, ARA Law topped advising 5 deals each. JSA, Trilegal, CAM and DSK Legal came in next with 4 deals each.

In Food & Beverages, Khaitan & Co. topped advising 5 deals worth $64 million, followed by DSK Legal and Jerome Merchant + Partners with $31 million each. By deal volume, Lexygen came in second place with 4 deals.

In Education, Vertices Partners topped advising 2 deals worth $114 million, followed by Trilegal and Jerome Merchant + Partners with $97 million each. ALMT Legal came in third place with $52 million.

In Real Estate, AZB topped with $2.8 Billion, followed by SAM with $1.8 Billion. Wadia Ghandy came in third advising the DLF Cyber City - GIC deal worth $1.4 Billion.

The full league table can be viewed online at http://www.ventureintelligence.com/leagues.php

To showcase your firms' transactions in the League Tables, mail Varatha at research@ventureintelligence.com

Images for Top 15 Rankings




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.

Popular posts from this blog

VC Interview: Shailendra Singh of Sequoia Capital India

In a recent interview to Venture Intelligence, Shailendra Singh discussed some of the firm’s newer investments in the early stage segment including in the online payments space, the progress at a few existing portfolio companies and the active role the firm is playing in helping its portfolio companies scale and succeed in India and globally. Prior to joining the firm in 2006, Singh was a strategy consultant at Bain & Company in New York and before that, an entrepreneur in the digital media industry.

Venture Intelligence: How does Sequoia go about identifying potential early stage investments in India? Is there anything different you are doing today than, say, a couple of years back?

Shailendra Singh: There is a lot more focus on technology investing and early stage investing. In general, as you might remember a few years ago, we were doing primarily growth investing but in the past 18-odd months, we have had a very strong focus on early stage and that’s continuing. In terms of how…

KPMG Tops League Table for Financial Advisor to Private Equity Transactions in H1 2018

The transaction advisory unit of KPMG claimed the top position in the Venture Intelligence League Table for Transaction Advisor to Private Equity deals in the first half of 2018, advising deals worth $1.7 Billion. KPMG acted as the financial advisor to NHAI in the $1.5 Billion investment by Macquarie to operate 9 highway projects under the toll-operate-transfer (TOT) model. Ernst &  Young (which advised the $730 million asset sale by Indiabulls Real Estate to Blackstone) and Kotak (which advised the Vishal Megamart - Partners Group deal) accounted for 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.
Arpwood Capital (which advised the $760 million investment by Temasek in the $2.1 Billion Schneider Electric buyout of L&;T Electrical and Automation business) …

"Leveraged stock purchase led Arvind Rao to go astray": Forbes India

Forbes India has an article on the series of events leading to the recent controversial exit of Arvind Rao, Co-founder & CEO of listed Mobile VAS firm OnMobile.

On November 23, 2010, Arvind Rao, the 53-year-old co-founder and CEO of OnMobile, bought approximately 6 lakh shares of his company from the open market, representing a little over 1 percent of the company’s total shares....At Rs 277 a share, he had to pony up nearly Rs 16.5 crore to acquire them....So he went ahead and borrowed money to buy the shares, thinking nothing of the interest it entailed or the fact that he’d need to put up nearly half his existing shareholding as collateral...OnMobile’s shares continued to fall from those levels, while Rao’s interest payments ballooned.

...Motivated by OnMobile’s growth all these years, he had never paid much attention to his salary, most of which went towards the monthly rental on his sea-facing apartment in Mumbai and his BMW 7-Series, both paid directly by the company. He reque…