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 Carlyle's $678 million investment in SBI Life Insurance. SAM also advised Brookfield's buyout of Hotel Leela Ventures and SoftBank Corp's $400 million investment in FirstCry.
Among foreign firms, Clifford Chance came on top advising SoftBank Corp's investment in Delhivery. Kirkland & Ellis and Latham & Watkins came in second advising the $200 million investment by Apax Partners in Fractal Analytics. Goodwin Procter came in third advising 2 deals worth $64 million.
The full league table can be viewed online at https://www.ventureintelligence.com/leagues.php
By Deal Volume
AZB also topped the tables in terms of deal volume advising 24 deals during the year, followed by JSA with 20 deals. CAM took the third place advising 18 deals. SAM and Khaitan occupied the fourth and fifth place respectively.
By Industry
Among PE transactions in IT & ITeS (by value), AZB stood first followed by SAM and IndusLaw (6 deals worth $480 million). Trilegal and Khaitan came in at fourth and fifth. By deal volume, JSA stood at first place with 10 deals followed by IndusLaw.
CAM topped in Financial Services deals with $1.2 Billion, followed by AZB and Khaitan. CAM came in fourth, followed by JSA in fifth place. AZB (with 7 deals) topped by deal volume, followed by CAM, Khaitan, JSA, and Trilegal in second place with 4 deals each.
In Real Estate, AZB topped with $306 million, followed by CAM with $1.3 Billion. SAM and Veritas Legal which advised CDPQ and Piramal Enterprises INR 500 Cr investment in a Lodha Group project took third place.
The full league table can be viewed online at https://www.ventureintelligence.com/leagues.php
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