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 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 of Delhi-Agra Toll Road from Reliance Infrastructure (part of Reliance ADAG).
The full league table can be viewed online at https://www.ventureintelligence.com/leagues.php
By Deal Volume
Ambit also topped the tables in terms of deal volume with 5 deals during the year. Intellecap came in at second place with 3 deals. Avendus, KPMG, Veda Corporate and new entrant to the League Tables IEG India Corporate Finance shared the third place with 2 deals each.
Including Due Diligence, Tax & Other Advisory Services
Inclusive of its roles in due diligence and related advisory activities, BDO India came in second advising deals worth $24.2 Billion. BDO also topped the table by deal volume advising 9 deals.
The full league table can be viewed online at https://www.ventureintelligence.com/leagues.php
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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.