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AZB tops Legal Advisor League Table for Private Equity Transactions in 2015


Cyril Amarchand Mangaldas, Khaitan & Co claim the No.2 & No.3 slots


AZB & Partners retained its status – for the sixth consecutive year – as the Top Legal Advisor (Private Equity) during 2015. According to Venture Intelligence League Tables, AZB advised PE deals worth $8,969 million (across 68 qualifying deals) during 2015. Cyril Amarchand Mangaldas ($3,943 million across 37 deals) and Khaitan & Co ($2,872 million across 31 deals) enjoyed the second and third spots.

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 advised deals during the period included the $383 million investment by Apax Partners into NBFC firm Shriram City Union Finance and the $500 million investment by Temasek, PremjiInvest, Softbank Corp and others into E Commerce firm Snapdeal. Transactions advised by Cyril Amarchand Mangaldas included the $500 million investment by Baillie Gifford, Falcon Edge Capital, Tiger Global, SoftBank Corp, DST Global and others into cab-hailing firm Ola and the $300 million investment by Goldman Sachs in a Joint Venture with realty firm Nitesh Estates. Transactions advised by Khaitan & Co included the $500 million investment by India Value Fund and TA Associates in broadband internet service provider ACT Broadband and Temasek and Advent International’s stake purchase from Avantha Group in Crompton Greaves Consumer Electricals for $315 million.

Trilegal ($2,223 million across 30 deals) and IndusLaw ($2,202 million across 53 deals) completed the top five for 2015.

AZB & Partners also topped the tables in terms of deal volume, whereas IndusLaw (53 deals) and Impact Law Ventures (42 deals) came in next. IndusLaw advised deals included the $150 million investment by Tiger Global, Kinnevik and Steadview in online classifieds firm Quikr. Impact Law Ventures advised deals included Tano Capital’s $12.5 million investment in drugmaker Windlas Biotech. Cyril Amarchand Mangaldas (37 deals) and BMR Legal (36 deals) finished the year at fourth and fifth spot in terms of quantum of deals advised.

Some of the new entrants into the Venture Intelligence league table in the category during 2015 included Veritas Legal, Verist Law, LegaLogic Consulting, Themis Law Associates and Patanjali Associates.

The full league tables can be viewed online at http://www.ventureintelligence.com/leagues.php

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