EY, Standard Chartered Bank take no.2 and no.3 slots; EY, PwC top inclusive of due diligence services
Arpwood Capital topped the Venture Intelligence League Tables for Transaction Advisor to M&A transactions for 2016 advising M&A deals worth $11 billion (across four qualifying deals) followed by Ernst & Young ($8.5 billion across 13 deals) and Standard Chartered Bank ($7.7 billion across four deals).
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.
Arpwood Capital advised M&A deals during the year included the acquisition of Essar Oil by Rosneftat an enterprise value of $13 Billion and the merger of Max Life and HDFC Life. Ernst & Young advised deals included the merger of wireless business of Reliance Communications with Aircel and the $23 million acquisition of online poker service adda52.com by Delta Corp. Standard Chartered Bank advised the $2.4 billion acquisition of the cement capacity of Jaiprakash Associates by Ultratech Cement and the $93 million acquisition of Excel Crop Care by Sumitomo.
SBI Capital Markets ($7.6 billion across five deals) and Kotak Investment Banking ($6.7 billion across seven deals) completed the List of Top 5 for 2016.
Inclusive of its roles in due diligence and related advisory activities, EY topped the League Tables for Transaction Advisor for M&A in 2016 advising 54 deals worth $17.1 billion (13 being for pure financial advisory). PwC came in next advising M&A Deals worth $11.1 billion across 45 deals (8 of them were pure financial advisory). M&A deals advised by PwC included the $21 million acquisition of Andhra Pradesh Expressway by Cube Highways and the $24 million acquisition of foundry unit of Larsen & Toubro by Bradken. EY also topped the tables in terms of deal volume, followed by Axis Capital (8 deals worth $3.8 billion), PwC (8 financials advisory deals worth $91 million) and Technology Holdings (8 deals worth $280 million). Kotak and KPMG (7 deals worth $5.3 billion) came in third. Deloitte (6 deals worth $25 million) and JM Financial (6 deals worth $4.7 billion) came in next while Ambit Corporate Finance (5 deals worth $4.7 billion), Equirus (5 deals worth $126 million) and SBI Caps (5 deals worth $7.6 billion) rounded up the top five slots in terms of deal volume.
By Industry
Technology Holding advised 8 M&A deals worth $280 million involving Information Technology (IT) focused companies, followed by JM Financial (Geometric – HCL Technologies worth $263 million), Deloitte ($200 million across two deals). EY topped the BFSI tables advising five deals with a value tag of $3.5 billion, followed by Kotak ($3.5 billion across three deals) and Arpwood Capital ($3.1 billion across two deals).
SBI Caps topped the Infrastructure deals table, advising four deals worth $7.6 billion. Arpwood Capital (Essar Oil – Rosneft, Others) and Standard Chartered (two deals worth $5.2 billion) completed the top 3 slots.
Jefferies & Co. led the Healthcare deals table advising two deals with a value tag of $1.9 billion whereas Credit Suisse (Claris Lifesciences - Baxter International worth $630 million) and Mehta Partners (Novartis - Sun Pharma worth $300 million) accounted for the second and third spots.
Among Education deals, Sprout Capital led the table advising the $40 million acquisition of the Real Estate assets of Jain Group School by Cerestra, followed by The RainMaker Group which advised the acquisition of a majority stake in EduPristine by Kaizen PE and DeVry.
New Entrants to the Venture Intelligence M&A table for Transaction Advisors during 2016 include The RainMaker Group, Lastaki Advisors, Ladderup, BDA Partners and Greenstone Energy Advisors.
The full league tables can be viewed online at