The Venture Intelligence Blog

AZB and Khaitan & Co. claim the No.2 & No.3 slots Trilegal topped the Venture Intelligence League Table for Legal Advisor to M&A Transactions for the quarter ending March 2021, advising 6 qualifying deals worth USD 6.3 Billion. It was followed by AZB & Partners (USD 4.1 Billion across 15 deals) and Khaitan & Co. (USD 3.6 Billion across 15 deals) in the second and third spots respectively. Cyril Amarchand Mangaldas (CAM, USD 3.1 Billion across 12 deals) and Shardhul Amarchand Mangaldas (SAM, USD 1.5 Billion across 8 deals) completed the top five. The largest deal advised by Trilegal was  Piramal Enterprises' acquisition of stressed mortgage lender DHFL for USD 5.2 Billion.  AZB advised Wipro’s USD 1.5 Billion acquisition of CAPCO.  CAM advised the Government of India's (GoI) stake sale in Tata Communications Limited (TCL)  for USD 1.2 Billion.  Khaitan & Co., Shardul Amarchand Mangaldas, and Trilegal advised Byju's USD 1 Billion acquisition of A

Ambit Corporate Finance and JM Financial claim the No.2 & No.3 slots   ICICI Securities topped the Venture Intelligence League Table for Transaction Advisor to M&A Deals during the quarter ended March 2021, advising deals worth USD 1.2 Billion (across 2 transactions). Ambit Corporate Finance (USD 475 million across 1 deal) and JM Financial (USD 307 million across 4 deals) took the second and third spots respectively. Avendus (USD 253 million across 3 deals) and Edelweiss Financial Services (USD 232 million across 1 deal) completed the top five. The  Venture Intelligence League Tables , the first such initiative exclusively tracking transactions involving India-based companies, are based on the value of PE and M&A transactions advised by Financial and Legal Advisory firms. ICICI Securities acted as the transaction advisor to Government of Indias (GoI) 26.12% stake sale in Tata Communications Limited (TCL) through a combination of Strategic Sale to the Tata Group and 

AZB and CAM claim the No.2 & No.3 slots Trilegal topped the Venture Intelligence League Table for Legal Advisor to Private Equity Transactions in Q1 2021. Trilegal advised PE deals worth USD 6.5 Billion (across 6 qualifying deals) during the period. AZB & Partners (USD 4.4 Billion across 29 deals) and Cyril Amarchand Mangaldas (CAM) (USD 2.4 Billion across 22 deals) took the second and third spots. Khaitan & Co. (USD 2.1 Billion across 14 deals) and Shardhul Amarchand Mangaldas (SAM, USD 1.1 Billion across 8 deals) completed the top five. Among the largest deals in the latest quarter, Trilegal advised Piramal Enterprises' acquisition of stressed mortgage lender DHFL for USD 5.2 Billion. Cyril Amarchand Mangaldas, Khaitan & Co., Latham & Watkins, Nishith Desai Associates, Ropes & Gray, Skadden Arps Slate Meagher & Flom, Touchstone Partners, and Trilegal advised the RewNew Power SPAC merger deal worth USD 590 million. S&R Associates advised SB

BofA Securities, Goldman Sachs, Morgan Stanley, and JM Financial claim the No.2 & No.3 slots Avendus topped the Venture Intelligence League Table for Transaction Advisor to Private Equity Transactions for the period Q1 2021. Avendus advised 10 deals worth $880 million. BofA Securities , Goldman Sachs, Morgan Stanley stood second having advised 1 deal worth $590 million. They were followed by JM Financial with 4 deals worth $467 million. Spark Capital Advisors ($389 million across 3 deals) and Investec Bank ($248 million across 4 deals) completed the top five in Q1 2021. Among the largest deals in Q1 2021, Bank of America Merrill Lynch , Goldman Sachs, and Morgan Stanley acted as the advisors to the merger of Renew Power with a Nasdaq-listed SPAC (Special Purpose Acquisition Company) providing exit to the PE investors . Avendus advised the $400 million fund raise of Dream11 from D1 Capital Partners, Falcon Edge Capital, Steadview Capital, TPG Capital, TCV, Tiger Global, ChrysC

Considering Litigation In India | Part VI – What Happens Outside Court Is Just As Important! This aspect of litigation is more critical than what a party may envisage it to be. While engaging in any kind of litigation one must be sensitive to the implication of events that occur outside court. One may not realize, but what transpires outside court could be used by either side to their advantage before a court. In this article, we will explain how and why the conduct of litigants outside court should be consistent with the arguments and pleadings of litigants in court. Some key facets that one must ensure prior to and during the life of the litigation proceedings, are discussed below. Conduct during litigation Many a times litigants perceive the proceedings in court to be an altogether different matter than what transpires in day-to-day interactions. Nothing could be further from the truth! The conduct of a litigant related to the matter in litigation is open to scrutiny and can be ques

Portfolio has several overlaps with other big investors; makes repeat investments in select sectors such as Edtech and Fintech Known for its aggressive take on the Indian startup space, this this US-headquartered investors - with roots in the hedge fund world - has been hitting the headlines repeatedly this year with its participation in consecutive Mega funding rounds ($100M+ deals). The investee companies are typically big names in the country's startup ecosystem. Flashback Five years ago, when Venture Intelligence had analysed Tiger Global’s rising impact on Startup India (including an infographic depicting the overlap of Tiger's portfolio with other active investors during that period), the firm’s VC-type investments had been led by Lee Fixel. After closing 37 deals in 2015, Tiger Global went into a 'Slowdown Phase' between 2016 and 2018, when it invested around $250 million across just 22 deals and began to focus on cashing out from its earlier bets.  The mega exi