Skip to main content

AZB & Partners tops League Table for Legal Advisors to Private Equity deals in Q1 2019

AZB & Partners topped the Venture Intelligence League Table for Legal Advisor to Private Equity Transactions in Q1 2019. AZB advised PE deals worth $5 Billion (across 24 qualifying deals) during the period. Shardul Amarchand Mangaldas (SAM) ($3.7 Billion across 15 deals) and Cyril Amarchand Mangaldas (CAM) ($1.8 Billion across 18 deals) took the second and third spot. Khaitan & Co. ($1.6 Billion across 13 deals) and J Sagar Associates (JSA) ($1 Billion across 20 deals) completed the top five.

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 and SAM advised Brookfield's $1.9 Billion buyout of Pipeline Infrastructure from Reliance Industries. AZB and CAM advised Carlyle's $678 million investment in SBI Life Insurance. SAM also advised Brookfield's buyout of Hotel Leela Ventures and SoftBank Corp's $400 million investment in FirstCry.

Among foreign firms, Clifford Chance came on top advising SoftBank Corp's investment in Delhivery. Kirkland & Ellis and Latham & Watkins came in second advising the $200 million investment by Apax Partners in Fractal Analytics. Goodwin Procter came in third advising 2 deals worth $64 million.

The full league table can be viewed online at

By Deal Volume

AZB also topped the tables in terms of deal volume advising 24 deals during the year, followed by JSA with 20 deals. CAM took the third place advising 18 deals. SAM and Khaitan occupied the fourth and fifth place respectively.

By Industry

Among PE transactions in IT & ITeS (by value), AZB stood first followed by SAM and IndusLaw (6 deals worth $480 million). Trilegal and Khaitan came in at fourth and fifth. By deal volume, JSA stood at first place with 10 deals followed by IndusLaw.

CAM topped in Financial Services deals with $1.2 Billion, followed by AZB and Khaitan. CAM came in fourth, followed by JSA in fifth place. AZB (with 7 deals) topped by deal volume, followed by CAM, Khaitan, JSA, and Trilegal in second place with 4 deals each.

In Real Estate, AZB topped with $306 million, followed by CAM with $1.3 Billion. SAM and Veritas Legal which advised CDPQ and Piramal Enterprises INR 500 Cr investment in a Lodha Group project took third place.

The full league table can be viewed online at

To showcase your firms' transactions in the League Tables, mail Vanathi 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.

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…

PE investments in 2018 crosses $33-B to set new all-time high

Big Ticket investments in consumer apps Swiggy & Byju’s dominates year-end activity, even as investments in Core Sectors slow down
Private Equity (PE) investments in India rose to their highest ever figure of $33.1 billion in 2018 (across 720 transactions), according to data from Venture Intelligence (, a research service focused on private company financials, transactions and their valuations. While PE investments have already surpassed the previous high - $24.3 Billion across 734 deals in 2017 - in the first nine months of 2018, the mega investments in Consumer Internet & Mobile startups such as Swiggy and Byjus towards the year-end, helped the 2018 total vault by 36% year-on-year. (Note: These figures include Venture Capital investments, but exclude PE investments in Real Estate.) The year witnessed 81 PE investments worth $100 million or more (accounting for 77% of the total investment value during the period), compared to 47 such transac…

ChrysCapital and Sequoia Capital India grab two awards at APEX’19 PE-VC Awards

Mumbai, India, Feb 27, 2019: ChrysCapital and Sequoia Capital bagged two awards each as part of the “Awards for Private Equity Excellence” (APEX)event organized by Venture Intelligence. 

ChrysCapital bagged the Private Equity Fund Raise of 2018 Award (Closed $850 M Fund VIII within 4 months of launch) and the Private Equity Investor of 2018 Award (for its Exits from LiquidHub with 4x in dollar terms (within 4 years of its $53-M investment), AU Small Finance Bank with 11.5x return,  Torrent Pharma with 2.95x, City Union Bank with 2.83x, L&T Infotech with 2.56x)

Sequoia Capital India won the Early Stage VCInvestor(the firm registered 10x+ exits in Byjus Classes and SCIOInspire) and VC Fund Raise of 2018 (the firm closed an almost $700-M Fund VI).

Award Winners at APEX'19 PE-VC Awards

The event opened with a Fireside Chat with Kiran Reddy, CEO of SPI Group interviewed by his long time friend and colleague Vineeth Vijayraghavan.

Snapshots of the Awards Ceremony: (L-R) Gopal Srinivasan, …