Aided by the biggest investment in Indian Private Equity history i.e. Flipkart - SoftBank, financial advisors to the deal - Goldman Sachs and Citi - topped the Venture Intelligence League Tables for 2017. Avendus came in at third place advising Dixcy Textiles - Advent International and Paras Healthcare - Creador deals. Standard Chartered and ICICI Securities completed the top five.
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.
Including due diligence deals, Citi came first followed by Ernst & Young advising $2.7 B across 25 deals. Goldman Sachs came in at third.
Going by no. of deals, Avendus topped the League Tables with 10 deals in 2017, followed by Unitus Capital and Creedcap Asia which advised 7 deals each. Veda Corporate, IndigoEdge and Sprout Capital came in at third advising 6 deals each.
Including due diligence deals, Ernst & Young topped the table advising 25 deals worth $2.7 B.
For the Quarter ending September in 2017:
Apart from the Flipkart - SoftBank deal, advisors to Carlyle's investment in SBI Cards & Payment Services - Morgan Stanley and Barclays - also leapfrogged in to the top 10 for the year.
Allegro Advisors came third in Q3 2017 with 2 deals worth $183 M and 11th in 2017. They advised the exit by Truenorth (earlier India Value Fund) from Manipal Health Enterprise. JM Financial came fourth in Q3 2017 advising the Marigold Capital acquisition of Hotel Leela Palace in Chennai.
The full league table can be viewed online at http://www.ventureintelligence.com/leagues.php
To update your firm's standings in the League Tables for October 2017, reach out to Varatha at research@ventureintelligence.in