The Venture Intelligence Blog

AZB & Partners topped the Venture Intelligence League Table for Legal Advisor to M&A Transactions in Q1 2019 . AZB advised M&A deals worth $7.8 Billion (across 15 qualifying deals) . Shardul Amarchand Mangaldas ( SAM , $7.3 Billion across 10 deals) and Cyril Amarchand Mangaldas (CAM, $4.9 Billion across 13 deals) took the second and third spot. Argus Partners (which advised the GRUH Finance - Bandhan Bank merger ) and L&L Partner (earlier Luthra & Luthra, $2.8 Billion across 4 deals) 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. Among large deals in the quarter, AZB and SAM advised the GRUH Finance - Bandhan Bank merger and Brookfield's $1.9 Billion buyout of Pipeline Infrastructure from Reliance Industries . CAM, J Sagar Associates and...

AZB & Partners topped the Venture Intelligence League Table for Legal Advisor to Private Equity Transactions in Q1 2019 . AZB advised PE deals worth $5 Billion (across 24 qualifying deals) during the period . Shardul Amarchand Mangaldas (SAM) ($3.7 Billion across 15 deals) and Cyril Amarchand Mangaldas (CAM) ($1.8 Billion across 18 deals) took the second and third spot. Khaitan & Co. ($1.6 Billion across 13 deals) and J Sagar Associates (JSA) ($1 Billion across 20 deals) 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. AZB and SAM advised Brookfield's $1.9 Billion buyout of Pipeline Infrastructure from Reliance Industries. AZB and CAM advised C arlyle's $678 million investment in SBI Life Insurance. SAM also advised Brookfield's buyout of Hotel...

The Department of Industrial Policy and Promotion ( DIPP ) has issued Press Note 2 on 26 December 2018 ( Press Note ), which has amended the Consolidated FDI Policy issued on 28 August 2017 ( FDI Policy )  in relation to foreign direct investments in the e-commerce sector. The changes are material and may significantly impact the structure and business models of various e-commerce marketplaces ( E-commerce Marketplace ) which are owned by entities with foreign direct investments ( E-commerce Entity ). EQUITY PARTICIPATION IN SELLERENTITIES The most significant change has been the addition of the stipulation that any entity shall not be permitted to sell its products on an E-commerce Marketplace run by an E-commerce Entity if: - The E-commerce Entity or its group companies 1 have an “equity participation” in such entity; or - The E-commerce Entity or its group companies have control over the inventory of such entity. Our View: A number of e-commerce entities oper...

Ambit Corporate Finance topped the Venture Intelligence League Table for Transaction Advisor to M&A Deals in Q1'19 . Ambit advised M&A deals worth $2.4 Billion (across 4 qualifying deals) during the period . Deloitte ($2.1 Billion across 4 deals) and RBSA Advisors ($1.3 Billion across 2 deals) took the second and third spot. JM Financial (which advised Brookfield's $577 million acquisition of assets from Hotel Leelaventure ) and KPMG ($554 million across 3 deals) 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. The largest deal advised by Ambit was Brookfield's $1.9 Billion buyout of Pipeline Infrastructure from Reliance Industries. It also advised Cube Highways' (a road platform owned by I Squared Capital and IFC) $520 million acquisition o...

Ambit Corporate Finance topped the Venture Intelligence League Table for Transaction Advisors to Private Equity Transactions in the quarter ending March 2019 . Ambit advised PE deals worth $2.5 Billion (across 5 qualifying deals) during the period . JM Financial (which advised Brookfield's buyout of Hotel Leela for $577 million ) and Edelweiss (which advised CDPQ's $250 million investment in ECL Finance ) took the second and third spot. Certus Capital , founded by former KKR executive Ashish Khandelia, ( which advised the $192 million investment by Oaktree Capital in DHFL ) took the fourth place. Axis Capital, Credit Suisse and ICICI Securities (all three of which advised IIFL's $130 million investment in Northern Arc Capital ) 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 ...

Press Release Private Equity and Venture Capital firms invested a record $10.1 Billion (across 159 deals) during the quarter ended March 2019, according to data from  Venture Intelligence , a research service focused on private company financials, transactions and their valuations. The investment value increased 26% compared to the $8.0 Billion (across 208 transactions) recorded in the same period in 2018 and 39% higher than the immediate previous quarter (which had witnessed $7.3 Billion being invested across 178 transactions). (Note: These figures include Venture Capital investments, but exclude PE investments in Real Estate). The latest quarter witnessed 23 PE investments worth $100 million or more (with 6 of them $500-M or above) compared to 17 such transactions in the same period last year. Infrastructure related companies (especially in Energy, Roads and Telecom) accounted for 48% of the investment value during the period - accounting for $4.9 Billion (across...