The Venture Intelligence Blog

Shardul Amarchand Mangaldas and Cyril Amarchand Mangaldas claim the No.2 & No.3 slots AZB & Partners (AZB) topped the Venture Intelligence League Table for Legal Advisor to M&A Transactions by value during H1 2023. AZB advised 29 M&A deals worth $5.7 Billion. It was followed by Shardul Amarchand Mangaldas (SAM) ($5.4 Billion across 22 deals) and Cyril Amarchand Mangaldas (CAM) ($5.2 Billion across 35 deals) in the second and third spots respectively. Trilegal ($4.6 Billion across 28 deals) took the fourth spot with J Sagar Associates (JSA) ($3.5 Billion across 6 deals) completing the top five. Among the larger M&A deals during H1 2023, Trilegal, JSA, AZB and Milbank advised the Singapore government-owned Temasek Holdings in acquiring a 41% stake in Manipal Hospitals for $2 Billion .  AZB, Wadia Ghandy , JSA and SAM advised the $1.1 Billion acquisition of HDFC Credila by Baring Asia and ChrysCapital .  Anagram Partners, Gornitzky & Co, Freshfields Bruckh

JP Morgan and InCredMAPE claim the No.2 & No.3 slots Jefferies & Co topped the Venture Intelligence League Table for Transaction Advisor to M&A Deals   during H1 2023, having advised the $1.1 Billion buyout of HDFC Credila by a consortium of Private Equity investors. JP Morgan ($487 million across 1 deal) and InCredMAPE ($387 million across 2 deals) took the second and third spots respectively. o3 Capital ($211 million across 4 deals) and Investec ($152 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. Among the larger M&A deals in the latest quarter, Jefferies & Co. advised t he $1.1 Billion acquisition of HDFC Credila by Baring Asia and ChrysCapital . JP Morgan acted as the advisor to the $487 million acquisition of Virescent Rene

Trilegal and Shardul Amarchand Mangaldas claim the No.2 & No.3 slots AZB & Partners (AZB) topped the Venture Intelligence League Table for Legal Advisor to Private Equity Transactions in H1 2023. The firm advised PE deals worth $8.7 Billion (across 42 qualifying deals) during the period. Trilegal ($7.4 Billion across 35 deals) and Shardul Amarchand Mangaldas (SAM) ($6.5 Billion across 56 deals) took the second and third spots respectively. Khaitan & Co. ($3.6 Billion across 38 deals) and J Sagar Associates (JSA) ($3.5 Billion across 10 deals) completed the top five. Among the larger Private Equity deals during H1 2023, AZB, Trilegal, J Sagar Associates (JSA ) and  Milbank advised Singapore government owned Temasek Holdings’ $2 Billion investment in Manipal Hospitals .  Trilegal, SAM, Khaitan & Co . and Wadia Ghandy advised $1.42 Billion fund investment by GIC in Brookfield India Real Estate Trust REIT . AZB, Wadia Ghandy, JSA and SAM advised  the $1.1 Billion

Jefferies & Co. and ICICI Securities claim the No.2&3 slot Avendus topped the Venture Intelligence League Table for Transaction Advisor to Private Equity Transactions for H1 2023 advising 10 deals worth $1.46 Billion. Jefferies & Co. stood second having advised the $1.1 Billion HDFC Credila deal. ICICI Securities followed with 6 deals worth $449 million. Ernst & Young ($408 million across 7 deals) and Aeka Advisors ($228 million across 3 deals) completed the top five for H1 2023. 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. Among the larger deals in the latest quarter, Jefferies & Co., Ernst & Young, Arpwood Capital acted as advisors to the $1.1 Billion buyout of HDFC Credila by consortium of private equity firms, including BPEA EQT and ChrysCapital. Ernst & Young

Private Equity-Venture Capital (PE-VC) investments in India during the quarter ended June 2023 (Q2'23), at $9.85 Billion across 182 deals, registered a 33% decrease compared to the same period in 2022 (which saw $14.6 Billion being invested across 371 deals). The investment amount however rose 74% compared to the immediate previous quarter (which saw $5.7 Billion being invested across 181 deals), shows data from  Venture Intelligence , a research service focused on private company financials, transactions, and their valuations. The PE-VC investment figures for the first 6 months of 2023 - at $15.5 Billion (across 363 deals) - was 50% lower compared to the same period in 2022 (which saw $31 Billion being invested across 800 deals). Q2’23 witnessed 19 mega deals ($100 M+

The month of May 2023 saw Private Equity-Venture Capital (PE-VC) Investments worth $1.7 Billion in Indian companies (across 63 transactions), shows data from Venture Intelligence, a research service focused on private company financials, transactions, and their valuations. The deal value fell by 68% compared to the immediate previous month (which saw $5.3 Billion being invested across 61 deals) and a 53% decline from May 2022 (which saw $3.6 Billion being invested across 121 deals). (Note: These figures include Venture Capital type investments, but exclude PE investments in Real Estate). The latest monthly figures take the total PE-VC investments during 2023 to $12.6 Billion (across 307 deals). Mega Deals May 2023 witnessed 5 PE investments worth $100 million or more, compared to 7 mega deals in the previous month and 11 such transactions in May 2022. Top PE-VC Investments in India (2023 YTD*) Exits Witness Decline PE-VC firms harvested $1.5 billion across 20 exit deals during May 2023