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July 25, 2018

I-Bankers to Walmart-Flipkart Deal Top Transaction Advisor League Tables for M&A Deals in H1 2018

Advisors to the Walmart-Flipkart deal - JP Morgan ($17 Billion across 3 deals), Barclays ($16.4 Billion across 2 deals) and Goldman Sachs ($16 Billion across 1 deal) - topped the Venture Intelligence League Tables for Transaction Advisor to M&A deals in H1 2018. Morgan Stanley and DSP Merrill Lynch ($14.6 Billion across 2 deals) and Arpwood Capital ($7.5 billion across 5 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.

By Deal Volume

Ernst & Young topped the tables by deal volume advising 10 deals worth $964 million. AvendusKPMG, and Arpwood Capital came in at second spot with 5 deals each. Citi came in third with 4 deals.

Other Advisory Services

Inclusive of its roles in due diligence and related advisory activities, Ernst & Young topped by deal volume advising 25 deals worth $10.8 Billion.

By Industry

Within IT & ITeS, apart from the Walmart - Flipkart deal, JP Morgan also advised the $1 Billion Intelenet acquisition by French company Teleperformance. By deal volume Avendus advised 4 deals worth $728 million.

In Telecom, Morgan Stanley and DSP Merrill Lynch advised the $14.6 Billion Indus Towers - Bharti Infratel merger.

In Energy, Citi and SBI Caps advised the $5.7 Billion HPCL - ONGC deal.

In the second quarter of 2018, the Manufacturing industry witnessed 39 deals worth more than $7 Billion led by large cross border deals and the acquisitions under insolvency proceedings. Arpwood Capital acted as financial advisor to $5.4 Billion Bhushan Steel - Tata Steel and $2.1 Billion L&T Electricals & Automation - Schneider Electric deals. Standard Chartered Bank advised the $305 million Union Cement - Shree Cement deal. Evercore advised the $201 million Reydel Automotive - Motherson Sumi Systems deal.

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.