Cyril Amarchand Mangaldas tops League Table for Legal Advisors to M&A deals for 2020

Cyril Amarchand Mangaldas (CAM) topped the Venture Intelligence League Table for Legal Advisor to M&A Transactions for the year 2020. CAM advised M&A deals worth $27.4 Billion (across 72 qualifying deals). AZB & Partners ($19.6 Billion across 50 deals) and Davis Polk & Wardwell ($10.2 Billion across 2 deals) took the second and third spots respectively. Trilegal ($9.6 Billion across 34 deals) and Shardul Amarchand Mangaldas (SAM, $7.3 Billion across 15 deals) completed the top five.

AZB & Partners, Davis Polk & Wardwell, Freshfields Bruckhaus Deringer, and J Sagar Associates (JSA) advised Reliance Industries (RIL group telecom arm Jio Platforms' $10.1 Billion fundraise from Facebook and Google.

AZB, Khaitan & Co., and CAM advised Brookfield's $3.7 Billion acquisition of Reliance Tower Infrastructure Trust.

CAM, Khaitan & Co., SAM, Shearman & Sterling, Trilegal and Wadia Ghandy & Co. advised Reliance Retail Ventures $3.4 Billion acquisition of Future Group's retail related ventures.

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.

Among the largest deals in the quarter ending December 2020, CAM and Trilegal advised Blackstone's $1 Billion acquisition of packaging glass manufacturer Piramal Glass. Chandhiok & Mahajan and CAM advised Grasim Industries unit Indo Gulf Fertilisers' (IGF) sale to Indorama for $356 million. Milbank, Khaitan & Co., and CAM advised Manipal Group’s $282 million acquisition of Columbia Asia Hospitals.

Among foreign firms, Davis Polk & Wardwell came on top in 2020 having advised 2 deals worth $10.2 Billion. They were followed by Freshfields Bruckhaus Deringer who advised 1 deal worth $4.5 million. Shearman & Sterling came next with 2 deals worth $3.4 Billion.

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

By Deal Volume

CAM also topped the tables in terms of deal volume having advised 72 deals. AZB and Khaitan took the second spot with 50 deals each, followed by Trilegal with 34 deals. JSA (20 deals) and IndusLaw (16 deals) took the fourth and fifth spots respectively.

By Industry

AZB topped the Infrastructure sector having advised deals worth $15.7 Billion. CAM advised deals worth $14.3 Billion in this segment, followed by Davis Polk & Wardwell with deals worth $10.2 Billion. JSA ($4.8 Billion) and Freshfields Bruckhaus Deringer ($4.5 Billion) took the fourth and fifth spots respectively.

CAM topped the BFSI sector advising deals worth $6.2 Billion, followed by AZB with $2.4 Billion. Argus Partners took the third spot having advised deals worth $1.3 Billion. By deal volume, CAM had advised 11 BFSI deals, followed by AZB with 9 deals and Trilegal which advised 4 such deals.

Under IT & ITeS, Trilegal topped the table having advised 12 deals worth $922 million. It was followed by IndusLaw with 9 deals worth $688 million. Chandhiok & Mahajan came third with 2 deals worth $552 million.

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

deals@ventureintelligence.com.

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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