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AZB & Partners tops League Table for Legal Advisors to Private Equity deals in H1 2019

AZB & Partners topped the Venture Intelligence League Table for Legal Advisor to Private Equity Transactions in H1 2019. AZB advised PE deals worth $7.3 Billion (across 55 qualifying deals) during the period. Shardul Amarchand Mangaldas (SAM) ($5.2 Billion across 28 deals) and Cyril Amarchand Mangaldas (CAM) ($3.2 Billion across 32 deals) took the second and third spot. Khaitan & Co. ($3.1 Billion across 34 deals) and Trilegal ($2.6 Billion across 19 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. CAM, SAM and Trilegal advised SSG Capital’s investment in GMR Airports Holdings.


Among foreign firms, Simpson Thacher & Bartlett came on top advising 2 deals worth $610 million. Ropes & Gray came in second advising 3 deals worth $574 million. Clifford Chance came in third advising 2 deals worth $507 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 55 deals during the year, followed by Khaitan & Co. with 34 deals. J Sagar Associates (JSA) took the third place advising 33 deals. CAM (32 deals) and SAM (28 deals) occupied the fourth and fifth place respectively.


By Industry

Among PE transactions in IT & ITeS (by value), SAM topped the table with $1.1 Billion, followed by JSA with $1 Billion. AZB Came in third with deals worth $817 million. By deal volume, Samvad Partners, JSA and AZB shared the first place with 16 deals each. Khaitan and IndusLaw came in at second and third with 15 and 11 deals respectively.

AZB topped in the infra sector advising deals worth $2.53 Billion across 7 qualifying deals. SAM came in second with $2.5 Billion (across 2 deals), followed by L&L Partners with $1.1 Billion (across 2 deals).

AZB also topped the Financial Services sector advising deals worth $1.7 Billion, followed by CAM ($1.6 Billion across 7 deals) and Khaitan ($1.3 Billion across 7 deals). Trilegal ($958 million across 7 deals) came in fourth and SAM in fifth place ($535 million across 6 deals). 

In Real Estate, CAM topped with $571 million, followed by AZB with $561 million. Khaitan took the third spot. Legalogic took the fourth spoth followed by Veritas Legal and SAM who shared the fifth spot.

The full league table can be viewed online at https://www.ventureintelligence.com/leagues.php

To showcase your firms' transactions in the League Tables, mail Vanathi at

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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