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Cyril Amarchand Mangaldas tops League Table for Legal Advisors to M&A deals in H1 2021

Cyril Amarchand Mangaldas (CAM) topped the Venture Intelligence League Table for Legal Advisor to M&A Transactions during the first six months of 2021, advising 30 deals worth USD 14.9 Billion. CAM was followed by AZB & Partners (USD 14.6 Billion across 36 deals) and Trilegal (USD 7.7 Billion across 10 deals) in the second and third spots respectively. Khaitan & Co. (USD 7.3 Billion across 37 deals) and Shardul Amarchand Mangaldas (SAM) (USD 3.0 Billion across 10 deals) completed the top five.




Among the largest deals in the period, CAM advised Adani Green Energy’s acquisition of 100% interest in SB Energy from Japan's SoftBank Group and Bharti Group for USD 3.5 Billion.

AZB, CAM, and Trilegal advised Tata Digital’s acquisition of online grocery platform BigBasket for USD 1.2 Billion.

AZB, SAM, Kirkland & Ellis, and Wilson Sonsini Goodrich & Rosati advised global private equity firm Apax Partners’ USD 900 million buyout of IT Services provider Infogain.

AZB advised PharmEasy's majority stake acquisition in publicly listed diagnostic chain Thyrocare Technologies for USD 844 million.




Among foreign firms, Kirkland & Ellis came on top having advised 2 deals worth USD 1.2 Billion. They were followed by Wilson Sonsini Goodrich & Rosati with 1 deal worth USD 900 million. Baker McKenzie came in third having advised 1 deal worth USD 700 million.

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

By Deal Volume

Khaitan & Co. topped the tables in terms of deal volume having advised 37 deals. AZB took the second spot with 36 deals, followed by CAM with 30 deals. IndusLaw (22 deals) and J Sagar Associates (15 deals) took the fourth and fifth spots respectively.




By Industry

CAM topped by value and volume in the Infrastructure industry having advised 11 deals worth USD 6.8 Billion. Khaitan & Co. came second with 9 deals worth USD 2.9 Billion which was followed by AZB with 9 deals worth USD 1.8 Billion.

AZB topped the BFSI industry having advised 3 deals worth USD 5.9 Billion, followed by CAM with 3 deals worth USD 5.3 Billion. Trilegal took the third spot with 1 deal worth USD 5.2 Billion.

Under IT & ITeS, AZB topped the table having advised 14 deals worth USD 4.9 Billion. They were followed by Trilegal having advised 3 deals worth USD 1.3 Billion. CAM took the third spot having advised 3 deals worth USD 1.26 Billion. By deal volume, AZB and IndusLaw top the table with 14 deals each. They were followed by Khaitan with 8 deals.

Under Healthcare (by value), AZB (USD 908 million) topped the table followed by CAM with deals worth USD 433 million. J Sagar Associates took the third spot with deals worth USD 398 million.

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

To showcase your firms' transactions in the 2021 League Tables, mail Vanathi at

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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