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 L&L Partners acted as legal advisors to the Rural Electrification Corporation - Power Finance Corporation merger.
Among foreign firms, Chicago-based Baker McKenzie came in at the top advising L&T's $476 million stake acquisition in Mindtree from VC Siddhartha. London-based Ashurst and San Franciso-based Morrison Foerster came in second advising Hyundai and KIA Motors' $300 million strategic investment in Ola.
The full league table can be viewed online at https://www.ventureintelligence.com/leagues.php
By Deal Volume
Khaitan & Co. topped the tables in terms of deal volume advising 21 deals (worth $1.4 Billion). AZB took the second spot with 15 deals, followed by CAM with 13 deals. JSA (with 11 deals) and SAM (with 10 deals) occupied the fourth and fifth place respectively.
By Industry
Among M&A transactions in Infrastructure (by value), CAM stood first with $2.7 Billion, followed by L&L Partners and JSA. AZB and SAM came in at fourth and fifth.
In IT & ITeS, Khaitan topped the table (by deal volume and value) with 8 deals worth $522 million. AZB and CAM occupied the second spot with $476 million, followed by JSA with $439 million.
The full league table can be viewed online at https://www.ventureintelligence.com/leagues.php
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