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Jio deals propel Morgan Stanley to top of League Table for Transaction Advisors to PE deals in H1'20

Morgan Stanley, which advised the recent spate of investments raised by Reliance Industries' telecom platform Jio Platforms (including over $9.8 Billion from Private Equity firms), topped the Venture Intelligence League Table for Transaction Advisor to Private Equity Transactions for the first half of 2020. The PE firms that invested in Jio in H1'20 included KKR, Vista Equity Partners and Saudi Arabia's Public Investment Fund. JP Morgan came in second with $700 million (across 2 qualifying deals) followed by Avendus with $655 million (across 9 deals). KPMG ($568 million) and Rothschild ($490 million) completed the top five in H1’20.


The Venture Intelligence League Tables, the first such initiative exclusively tracking transactions involving India-based companies, are based on the value of PE and M&A transactions advised by Financial and Legal Advisory firms.

JP Morgan and Rothschild advised Carlyle's $490 million investment in Piramal Group's pharma business. JP Morgan, along with Nomura, also advised Carlyle’s $210 million takeover of animal healthcare company SeQuent Scientific.

Avendus and Moelis & Company acted as financial advisors to KKR’s majority stake acquisition in JB Chemicals


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

By Deal Volume

Unitus Capital topped the tables in terms of volume of PE-VC deals, advising 13 deals during H1’20. This was followed by Morgan Stanley (10 deals) and Avendus (9 deals) in second and third place respectively.


Including Other Advisory Services

Morgan Stanley also topped the tables inclusive of its roles in due diligence and related advisory activities, followed by Deloitte with $1.6 Billion. The third spot went to JP Morgan with $700 million. KPMG and Avendus came in fourth and fifth position respectively.

BDO India topped the table by deal volume advising 26 deals. Unitus Capital came in second place with 13 deals. The third spot was shared by Morgan Stanley and new entrant AVA Insights LLP with 10 deals each.



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

To showcase your firms' transactions in the 2020 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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