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July 24, 2018

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) and Avendus (which advised the $210 investment led by DST Global and Naspers in Swiggy) completed the Top 5 list by value.

Avendus and KPMG (7 deals) topped in terms of volume of PE deals advised, while Unitus Capital claimed the second spot advising 6 deals. IndigoEdge and Masterkey Holdings came in at third position advising 5 deals each. 

Inclusive of its roles in due diligence and related advisory activities, KPMG also topped the tables advising deals with a value tag of $2.7 Billion (across a total of 21 qualifying deals) during H1'18. EY came in at second spot advising deals worth $1.9 Billion.

By Industry

Within IT & ITeS, Avendus topped by volume and value advising 5 deals worth $575 million. By deal volume, IndigoEdge (4 deals) came in at second followed by Masterkey Holdings, Dexter Capital and Candle Partners with 3 deals each.

In Financial Services, Ambit Corporate Finance topped the table, advising the $105 million investment by Warburg Pincus in IndiaFirst Life Insurance. By deal volume, Unitus Capital topped with 7 deals worth $64 million followed by Avendus and Intellecap with 2 deals each.

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.