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Ambit Corporate tops League Table for Transaction Advisors to Private Equity deals in Q1 2019

Ambit Corporate Finance topped the Venture Intelligence League Table for Transaction Advisors to Private Equity Transactions in the quarter ending March 2019. Ambit advised PE deals worth $2.5 Billion (across 5 qualifying deals) during the period. JM Financial (which advised Brookfield's buyout of Hotel Leela for $577 million) and Edelweiss (which advised CDPQ's $250 million investment in ECL Finance) took the second and third spot. Certus Capital, founded by former KKR executive Ashish Khandelia, (which advised the $192 million investment by Oaktree Capital in DHFL) took the fourth place. Axis Capital, Credit Suisse and ICICI Securities (all three of which advised IIFL's $130 million investment in Northern Arc Capital) 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.

The largest deal advised by Ambit was Brookfield's $1.9 Billion buyout of Pipeline Infrastructure from Reliance Industries. It also advised Cube Highways' (a road platform owned by I Squared Capital and IFC) $520 million acquisition of Delhi-Agra Toll Road from Reliance Infrastructure (part of Reliance ADAG).

The full league table can be viewed online at

By Deal Volume

Ambit also topped the tables in terms of deal volume with 5 deals during the year. Intellecap came in at second place with 3 deals. Avendus, KPMG, Veda Corporate and new entrant to the League Tables IEG India Corporate Finance shared the third place with 2 deals each.

Including Due Diligence, Tax & Other Advisory Services

Inclusive of its roles in due diligence and related advisory activities, BDO India came in second advising deals worth $24.2 Billion. BDO also topped the table by deal volume advising 9 deals.

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.

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