Morgan Stanley tops League Table for Transaction Advisors to Private Equity deals in 2020

Morgan Stanley, which was the advisor to the Private Equity investments in Reliance Retail Ventures ($2.5 Billion), as well as the spate of investments in Reliance Jio Platforms in 2020 (including over $9.8 Billion from PE firms), topped the Venture Intelligence League Table for Transaction Advisor to Private Equity Transactions, aggregating $12.4 Billion (across 14 deals) for the year. Ambit Corporate Finance stood second having advised deals worth $3.9 Billion across 8 qualifying deals. Avendus, with deals worth $1.7 Billion across 22 deals. Axis Capital ($1 Billion) and JP Morgan ($700 million) completed the top five for the pandemic impacted year.

Among the larger deals in Q4 2020, Axis Capital advised Blackstone's $1 Billion acquisition of packaging glass manufacturer Piramal Glass, while ICICI Securities advised Providence’s $255 million exit from Bharti Infratel. Allegro Advisors advised the $150 million fundraise by Biocon Biologics from Goldman Sachs.

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.

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, having advised 27 deals during 2020. It was followed by Avendus (22 deals) and Morgan Stanley (14 deals) in the second and third spots. Dexter Capital came fourth with 11 deals and the fifth spot was shared by Ambit and IndigoEdge (8 deals).

Including Other Advisory Services

PwC (with $14.5 Billion) topped the tables inclusive of its roles in due diligence and related advisory activities, followed by Morgan Stanley with $12.4 Billion. The third spot went to Ambit with $3.9 Billion. Deloitte ($3.9 Billion) and Avendus ($1.7 Billion) came in fourth and fifth position respectively.

PwC topped the table by deal volume advising 82 deals. BDO India came in second place with 53 deals followed by Deloitte with 39 deals. Unitus Capital and AVA Insights completed the top five having advised 27 and 24 deals respectively.

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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