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Avendus tops League Table for Transaction Advisors to Private Equity deals in Q1 2021

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BofA Securities, Goldman Sachs, Morgan Stanley, and JM Financial claim the No.2 & No.3 slots

Avendus topped the Venture Intelligence League Table for Transaction Advisor to Private Equity Transactions for the period Q1 2021. Avendus advised 10 deals worth $880 million. BofA Securities, Goldman Sachs, Morgan Stanley stood second having advised 1 deal worth $590 million. They were followed by JM Financial with 4 deals worth $467 million. Spark Capital Advisors ($389 million across 3 deals) and Investec Bank ($248 million across 4 deals) completed the top five in Q1 2021.


Among the largest deals in Q1 2021, Bank of America Merrill Lynch, Goldman Sachs, and Morgan Stanley acted as the advisors to the merger of Renew Power with a Nasdaq-listed SPAC (Special Purpose Acquisition Company) providing exit to the PE investors. Avendus advised the $400 million fund raise of Dream11 from D1 Capital Partners, Falcon Edge Capital, Steadview Capital, TPG Capital, TCV, Tiger Global, ChrysCapital, and other investors. Spark Capital Advisors advised the $234 million fund raise by Five Star Business Finance from TVS Capital, KKR, Norwest, and Sequoia Capital India.

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

Avendus topped the tables in terms of deal volume having advised 10 deals during Q1 2021. This was followed by Investec Bank, JM Financial, o3 Capital, and Unitus Capital with 4 deals each. Ambit Corporate Finance, DPNC Advisors, Spark Capital Advisors, and Veda Corporate Advisors took the third spot having advised 3 deals each.




Including Other Advisory Services

Inclusive of its roles in due diligence and related advisory activities, RBSA Advisors topped the table having advised deals worth $5.3 Billion followed by Avendus, which advised deals worth $880 million. The third spot was held by Bank of America Merrill Lynch, Goldman Sachs, and Morgan Stanley with the $590 million ReNew Power deal. JM Financial ($467 million) and Spark Capital Advisors ($389 million) came in fourth and fifth position respectively.

AVA Insights topped the table by volume advising 12 deals. BDO India and Avendus came second having advised 10 deals each. The third spot was held by Investec Bank, JM Financial, o3 Capital, and Unitus Capital with 4 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
deals@ventureintelligence.com.

About Venture Intelligence

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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