The Venture Intelligence Blog

Ernst & Young and Ambit claim the No.2 & No.3 slots Investec topped the Venture Intelligence League Table for Transaction Advisor to M&A Deals for Q1 2023 having advised  the $152 million acquisition of Sintex-BAPL by Welspun Group.   Ernst & Young ($136 million across 6 deals) and Ambit ($74 million across 2 deals) took the second and third spots, respectively. Panini Advisors ($65 million across 1 deal), Avendus ($65 million across 2 deals) and Deloitte ($65 million across 1 deal) took the fourth spot. Singhi Advisors ($63 million across 3 deals) 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 during Q1 2023, Ernst & Young acted as the advisor to the $67 million acquisition of Sonata Finance by Kotak Mahindra Bank. Pa

AZB and Khaitan & Co. claim the No.2 & No.3 slots Shardul Amarchand Mangaldas (SAM) topped the Venture Intelligence League Table for Legal Advisor to Private Equity Transactions for Q1 2023. The firm advised PE deals worth $2.4 Billion (across 26 qualifying deals) during the period. AZB & Partners (AZB) ($1.9 Billion across 17 deals) and Khaitan & Co. ($1.5 Billion across 13 deals) took the second and third spots. Cyril Amarchand Mangaldas (CAM) ($1.4 Billion across 24 deals) and Trilegal ($1.3 Billion across 11 deals) completed the top five. Among the larger Private Equity deals during Q1 2023, CAM, SAM, Khaitan & Co., Rajaram Legal and AZB advised ADIA’s $500 million investment in omnichannel eyewear retailer Lenskart .  Talwar Thakore & Associates , CAM and Amicus Advocates and Solicitors advised $400 million fund raise by DMI Finance from Mitsubishi UFJ Financial Group . SAM advised Bain Capital’s exit from J M Baxi Ports & Logistics . The 

Aeka Advisors and Ambit claim the No.2 & 3 slot Avendus topped the Venture Intelligence League Table for Transaction Advisor to Private Equity Transactions for Q1 2023 advising 5 deals worth $808 million. Aeka Advisors stood second having advised 3 deals worth $228 million. Ambit followed with 4 deals worth $160 million. Ernst & Young ($114 million across 4 deals) and o3 Capital ($80 million across 2 deals) completed the top five for Q1 2023. Avendus acted as advisor to ADIA’s $500 million investment in omnichannel eyewear retailer Lenskart . Aeka Advisors acted as advisor to Kreditbee’s $160 million fundraise from Advent International, Mitsubishi UFJ Financial Group (MUFG) and existing investors. Ambit advised the $104 million fundraise of Freshtohome from Mount Judi Ventures, Iron Pillar, Amazon and others. The  Venture Intelligence League Tables , the first such initiative exclusively tracking transactions involving India-based companies, are based on the value of PE

Private Equity-Venture Capital (PE-VC) Investments in Indian companies have risen to $5.2 Billion (across 55 transactions) during the Month of April 2023, shows data from Venture Intelligence , a research service focused on private company financials, transactions, and their valuations. The deal value represents a 2.2x increase compared to the immediate previous month (which saw $2.4 Billion being invested across 62 deals) and a 13% decline from April 2022 (which saw $6 Billion being invested across 118 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 $10.9 Billion (across 240 deals) PE-VC Investments in India Period No. of Deals Amount ($B) 2023 YTD* 240 10.9 2022 1,299 46.7 Apr/2023 55 5.2 Mar/2023 62 2.4 Apr/2022 118 6.0 Source: Venture Intelligence Note:* Data as of April 30,2023 PE-VC Investments in India (M-o-M) Month No. of Deals Amount ($B