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Morgan Stanley tops League Table for Transaction Advisors to M&A deals in 2020

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Morgan Stanley, which advised the $10.1 Billion strategic investment by Facebook and Google into Reliance Industries' telecom arm Jio platforms (among other Private Equity investments in the company), topped the Venture Intelligence League Table for Transaction Advisor to M&A Deals for 2020. Ambit Corporate Finance - which advised 3 deals worth $4.0 Billion, including Brookfield's $3.7 Billion acquisition of Reliance Tower Infrastructure Trust - took the second spot.

JM Financial ($3.7 Billion across 5 deals),Metta Capital ($3.4 Billion across 3 deals) and ICICI Securities ($3.4 Billion across 2 deals) - all of whom (along with Citi) are advisors to the $3.4 Billion acquisition of Future Group's retail related ventures by Reliance Retail, announced in August - completed the top five.



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 larger deals in the quarter ending December 2020, Axis Capital acted as the transaction advisor to packaging glass manufacturer Piramal Glass’ $1 Billion acquisition by Blackstone. Deloitte acted as the advisor to the $638 million acquisition of Reliance Infratel by Reliance Projects (Jio Infocomm). Allegro Advisors advised Columbia Asia Group’s $282 million acquisition by Manipal Health Enterprises.


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

By Deal Volume

Candle Partners topped the table in terms of deal volume with 6 deals. Deloitte, JM Financial, Avendus, Edelweiss Financial Services and Ernst & Young shared the second spot, having advised 5 deals each.


PwC topped the League Table for Transaction Advisors (including Other Advisory Services) to M&A deals for the year 2020. 

Inclusive of its roles in due diligence and related advisory activities, PwC topped the tables by both value and volume with $21.7 Billion across 48 deals. Deloitte took second place in this table, having advised deals worth $13.5 Billion across 38 deals. Morgan Stanley stood third with 2 deals worth $10.2 Billion. RBSA Advisors (with 18 deals worth $7.2 Billion) and Ernst & Young (9 deals worth $5.4 Billion) stood in fourth and fifth place respectively.

By deal volume, PwC stood first with 48 deals. The second spot went to Deloitte which advised 38 deals. BDO India came third with 22 deals. RBSA Advisors (18 deals) and Transaction Square (17 deals) completed the top five.



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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