SAM, NDA take no.2 and no.3 slots; AZB tops by deal volume too, followed by JSA and KCO
AZB & Partners topped the Venture Intelligence League Tables for Legal Advisors to Private Equity & Venture Capital deals in Q1 2018 advising deals worth $3.8 billion (across 21 deals) followed by Shardul Amarchand Mangaldas ($3 billion across 13 deals) and Nishith Desai Associates ($1.9 billion across 6 deals). Wadia Ghandy ($1.7 billion across 1 deal) and J Sagar Associates ($1.7 billion across 17 deals) came in at fourth and fifth 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. The tables also include Private Equity investments and exits in Real Estate advised by law firms.
AZB topped the tables by deal volume too advising 21 deals, followed by J Sagar Associates and Khaitan & Co. (advising 17 deals each). SAM took the third spot with 13 deals.
The top four firms acted as legal advisors to the $1.7 Billion investment by KKR, GIC and others in HDFC. HSA Advocates served as advisor to Macquarie's $1.5 Billion investment to operate toll projects under NHAI.