CAM, Trilegal take no.2 and no.3 slots; KCO also tops by deal volume, followed by AZB and CAM
Khaitan & Co. topped the Venture Intelligence League Tables for Legal Advisors to Private Equity & Venture Capital deals in H1 2018 advising deals worth $15.9 billion (across 37 deals) followed by Cyril Amarchand Mangaldas ($13.7 billion across 33 deals) and Trilegal ($13.3 billion across 14 deals). Shardul Amarchand Mangaldas ($8.1 Billion across 31 deals) and AZB & Partners ($5.9 Billion across 36 deals) came in at fourth and fifth respectively.
KCO and CAM advised PE-backed company Flipkart, while Trilegal advised Naspers in the $12 Billion exit by investors from Flipkart when it was acquired by Walmart.
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 tables also include Private Equity investments and exits in Real Estate advised by law firms.
KCO also topped the tables by deal volume too advising 37 deals, followed by AZB & Partners (36 deals) and by Cyril Amarchand Mangaldas (33 deals each) at third place. SAM and J Sagar Associates completed the top 5 spots.
By Industry
In IT & ITeS, outside of Walmart-Flipkart, KCO also acted as advisor to Temasek's investment in UST Global. KCO and Trilegal advised the Softbank investment in Policybazaar. By deal volume KCO and CAM took the first two spots followed by NovoJuris and IndusLaw.
In Financial Services, AZB, Nishith Desai Associates, SAM and Wadia Ghandy advised the $1.7 Billion investment by KKR and others in mortgage company HDFC. JSA and AZB advised the $200 million investment by Lone Star in Rattanindia Finance.
In Real Estate, SAM and JSA advised the $730 million Indiabulls - Blackstone deal. DSK Legal and SAM advised the sale of Equinox Business Parks by Essar Group to Brookfield.
The full league tables can be viewed online at http://www.ventureintelligence.com/leagues.php