ICICI Securities tops League Table for Transaction Advisors to M&A deals in Q1 2021

Ambit Corporate Finance and JM Financial claim the No.2 & No.3 slots

ICICI Securities topped the Venture Intelligence League Table for Transaction Advisor to M&A Deals during the quarter ended March 2021, advising deals worth USD 1.2 Billion (across 2 transactions). Ambit Corporate Finance (USD 475 million across 1 deal) and JM Financial (USD 307 million across 4 deals) took the second and third spots respectively. Avendus (USD 253 million across 3 deals) and Edelweiss Financial Services (USD 232 million across 1 deal) 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.

ICICI Securities acted as the transaction advisor to Government of Indias (GoI) 26.12% stake sale in Tata Communications Limited (TCL) through a combination of Strategic Sale to the Tata Group and Offer for Sale (OFS) to the public for USD 1.2 Billion. Ambit Corporate Finance acted as the advisor to USD 475 million acquisition of a 60% stake in Kolkata-based, publicly-listed non-banking finance company (NBFC) Magma Fincorp Ltd (MFL) by Adar Poonawalla-led Rising Sun Holdings. Edelweiss Financial Services advised a further stake sale in Mumbai International Airport Limited to Adani Airport Holdings Limited for USD 232 million.

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

By Deal Volume

JM Financial topped the table in terms of M&A deal volume in Q1'21 advising 4 deals. It was followed by Avendus which advised 3 deals. ICICI Securities, Investec Bank and Lodha Capital Markets took the third spot with 2 deals each.

RBSA tops League Table for M&A Transaction Advisors including Other Advisory Services

Inclusive of its roles in due diligence and related advisory activities, RBSA Advisors topped the tables with USD 5.2 Billion across 3 M&A deals in Q1'21. RBSA Advisors provided valuation advisory services to Piramal Enterprises' acquisition of stressed mortgage lender DHFL for USD 5.2 Billion. ICICI Securities took second place having advised 2 deals worth USD 1.2 Billion. Ambit Corporate Finance stood third with 1 deal worth USD 475 million. This was followed by JM Financial (4 deals worth $307 million) and Transaction Square (6 deals worth $305 million) in fourth and fifth place respectively.

By deal volume, Transaction Square stood first with 6 deals. The second spot went to BDO India and JM Financial with 4 deals each. Avendus and RBSA Advisors came in third with 3 deals.

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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