Shardul Amarchand Mangaldas, Vaish Associates claim the No.2 & No.3 slots
AZB & Partners topped the Venture Intelligence League Table for Legal Advisors to M&A Transactions during the first six months of 2017. AZB & Partners advised M&A deals worth $14.4 Billion (across 24 qualifying deals) during the period. Shardul Amarchand Mangaldas ($13 Billion across 10 deals) and Vaish Associates ($12.5 Billion across 2 deals) followed next. S&R Associates ($12.4 Billion across 5 deals) occupied the fourth spot while Bharucha & Partners and Slaughter May shared the fifth spot for H1 2017. All the top five firms were involved in the Vodafone-Idea merger deal.
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 sale of Tikona’s 4G business to Bharti Airtel and the Havells-Lloyds Electrical & Engineering deal. AZB also advised the sale of $587 million stake in Tata Motors by Tata Steel (to Tata Sons). Transactions advised by SAM included the $275 million acquisition of a majority stake in Aegis BPO by Private Equity fund Capital Square Partners and the Tikona-Bharti Airtel deal. Vaish Associates also advised the Denstu Aegis acquisition of SVG Media.
AZB topped the tables in terms of deal volume during H1’17, while Khaitan & Co. (18 deals worth $1.2 Billion) and HSA Advocates (11 deals worth $465 million) accounted for the top 3 slots by activity. Cyril Amarchand Mangaldas (10 deals worth $693 million) finished the half year at fourth spot while SAM took the fifth spot.
The full league tables can be viewed online at http://www.ventureintelligence.com/leagues.php