Carlyle's July buyout of GE Capital's stake in its cards processing JV catapulted Morgan Stanley into second position of the Venture Intelligence M&A League Table for 2017.
Other large deals during the July-September quarter included the Edelweiss Financial Services and IMAP India advised INR 800 Cr investment by Wilmar International into Shree Renuka Sugars. Axis Capital advised the Axis Bank - Freecharge acquisition and the strategic investment by Reliance Industries into Balaji Telefilms.
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.
The advisors to the $12.4 Billion Vodafone - Idea Cellular merger announced in March - Axis Capital, Morgan Stanley, Kotak, Robey Warshaw and Rothschild - continued to account for the top 5 spots during the first nine months of 2017.
By number of deals, Ernst & Young topped the table with 10 deals followed by Axis Capital, Avendus, Ambit Corporate Finance and KPMG advising 5 deals each. Deloitte came in at third with 4 deals.
Including Due Diligence services, Ernst & Young topped the table with deals worth $28.9 B followed by Deloitte ($12.8 B) and Axis Capital ($12.8 B). By no. of deals, Ernst & Young topped the table with 25 deals followed by KPMG (10 deals) and Deloitte (7 deals).
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.com
Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.