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Kotak Mahindra Capital tops League Table for Transaction Advisors to M&A deals in H1'21

Deloitte and ICICI Securities claim the No.2 & No.3 slots

Kotak Mahindra Capital topped the Venture Intelligence League Table for Transaction Advisor to M&A Deals during the first six months of 2021, advising 5 deals worth USD 2.7 Billion. Deloitte (USD 1.8 Billion across 3 deals) and ICICI Securities (USD 1.2 Billion across 2 deals) took the second and third spots respectively by value of deals. Ernst & Young and Phoenix Advisors (USD 1 Billion across 1 deal) took the fourth spot. Credit Suisse (USD 900 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.

Kotak Mahindra Capital acted as the transaction advisor to Tata Digital’s acquisition of online grocery platform BigBasket for USD 1.2 Billion and PharmEasy's majority stake acquisition in publicly listed diagnostic chain Thyrocare Technologies for USD 844 million. Credit Suisse advised global private equity firm Apax Partners’ USD 900 million buyout of IT Services provider Infogain




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

By Deal Volume

Kotak Mahindra Capital also topped the table in terms of deal volume, followed by Avendus and JM Financial in the second spot, with 4 deals each. Deloitte and Investec Bank took the third spot with 3 deals each.




RBSA Advisors tops League Table for Transaction Advisors including Other Advisory Services to M&A deals in H1 2021

Inclusive of its roles in due diligence and related advisory activities, RBSA Advisors topped the tables with USD 5.8 Billion across 8 deals. RBSA Advisors provided valuation advisory services for Piramal Enterprises' acquisition of stressed mortgage lender DHFL for USD 5.2 Billion.

Ernst & Young took second place advising 9 deals worth USD 3.1 Billion. Kotak Mahindra Capital stood third having advised 5 deals worth USD 2.7 Billion. They were followed by Deloitte (7 deals worth $2.5 Billion) and Transaction Square (11 deals worth $1.6 Billion) in the fourth and fifth spots respectively.


In terms of deal volume, BDO India stood first with 13 deals. The second spot went to Transaction Square that advised 11 deals. while Ernst & Young came third having advising 9 deals.


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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