AZB & Partners topped the Venture Intelligence League Table for Legal Advisor to M&A Transactions in H1 2019. AZB advised M&A deals worth $10.8 Billion (across 34 qualifying deals). Shardul Amarchand Mangaldas (SAM, $9.1 Billion across 25 deals) and Cyril Amarchand Mangaldas (CAM, $8 Billion across 21 deals) took the second and third spot. Khaitan & Co. ($5.1 Billion across 43 deals) and L&L Partners (earlier Luthra & Luthra) with ($5.1 Billion across 13 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 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. AZB and CAM advised the first hostile takeover in the IT sector with Larsen & Toubro successfully acquiring majority stake in Mindtree. CAM and SAM advised the three way merger between Vijay Bank, Dena Bank and Bank of Baroda.
Among
foreign firms, Chicago-based Baker McKenzie came in at the top advised deals worth $1.9 Billion. New York-based Simpson Thacher & Bartlett came
in second with $1.3 Billion and Boston-based Goodwin Procter came in third with $393 million.
The full league table can be viewed online at https://www.ventureintelligence.com/leagues.php
By Deal Volume
Khaitan
topped the tables in terms of deal volume advising 43 deals. AZB took the second spot with 34 deals,
followed by SAM with 25 deals. JSA (22 deals) narrowly pipped CAM (21 deals)
to take the fourth spot.
By Industry
Among transactions in
Infrastructure, CAM stood first with $3.5 Billion, followed by
L&L Partners ($3.2 Billion) and AZB ($3 Billion). SAM ($2.6 Billion) and JSA ($2.1 Billion) completed the top five.
SAM topped the Financial Services sector
with $4.3 Billion. AZB ($3.7 Billion)
and Argus Partners (which advised the GRUH Finance - Bandhan Bank merger) followed SAM at the second and third spot respectively.
In IT & ITeS, AZB topped the
table with $1.7 Billion. CAM occupied the second
spot with $1.6 Billion, followed by Baker Mckenzie with $1.6 Billion. Khaitan topped by deal volume with 13 deals.
JSA (12 deals) and SAM (7 deals) took the second and third spot.
In Agri-business, CAM topped the charts with $630 million. L&L Partners, Vaish Associates and Athena
Legal came in second followed by SAM in third place.
Veritas Legal topped the Healthcare
sector with 3 deals across $458 million. AZB came in
second, followed by CAM, Latham &
Watkins and Ropes & Gray who shared the third position.
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.