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Shardul Amarchand Mangaldas tops Legal Advisor League Table for M&A deals in H1 2018

AZB & Partners, Cyril Amarchand Mangaldas claim the No.2 & No.3 slots


Propelled by the $16 Billion Walmart-Flipkart deal, Shardul Amarchand & Mangaldas (SAM) topped the Venture Intelligence League Table for Legal Advisors to M&A Transactions in H1 2018. SAM advised M&A deals worth $48.4 Billion (across 34 qualifying deals) during the period. AZB & Partners (AZB) which advised deals worth $33 Billion across 35 deals and Cyril Amarchand Mangaldas (CAM) ($24.2 Billion across 19 deals) followed next. Khaitan & Co. ($22.8 Billion) occupied the fourth spot, while Trilegal ($21.4 Billion) stood fifth. Four of the top 5 - SAM, CAM, Khaitan and Trilegal - were advisors to the Walmart-Flipkart 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.

Khaitan topped the tables in terms of deal volume with 40 deals, followed by AZB and SAM. CAM finished at fourth spot while J Sagar Associates (with 18 deals worth $1.6 Billion) took the fifth.



By Industry



In IT & ITeS, outside of Walmart-Flipkart, HSA Advocates advised the $2 Billion Aricent - Altran Technologies deal.
In Telecom, as many as six firms including AZB, Bharucha & Partners, S&R Associates, Shardul Amarchand Mangaldas, Talwar Thakore & Associates and foreign law firm Slaughter & May advised the $14.6 Billion Indus Towers - Bharti Infratel deal.
In Energy, SAM, CAM and AZB advised the $5.7 Billion HPCL - ONGC merger deal. Trilegal, CAM and HSA advised the $1.6 Billion acquisition of Ostro Energy by Renew Power Ventures.
In the second quarter of 2018, the Manufacturing industry witnessed 39 deals worth over $7 Billion led by large cross border deals and the acquisitions under insolvency proceedings. AZB and SAM advised the $5.4 Billion Bhushan Steel - Tata Steel deal. AZB and SAM were also involved in the $2.1 Billion acquisition of L&T Electricals & Automation business by Schneider Electric, in addition to Trilegal and Khaitan.
The full league tables can be viewed online at http://www.ventureintelligence.com/leagues.php

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.

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