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AZB & Partners tops League Table for Legal Advisors to Private Equity deals for Q1 2022

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Trilegal and CAM claim the No.2 & No.3 slots

AZB & Partners (AZB) topped the Venture Intelligence League Table for Legal Advisor to Private Equity Transactions for Q1 2022. AZB advised PE deals worth $6.6 Billion (across 45 qualifying deals) during the period. Trilegal ($4.05 Billion across 28 deals) and Cyril Amarchand Mangaldas (CAM) ($3.99 Billion across 32 deals) took the second and third spots. Khaitan & Co. ($3.1 Billion across 16 deals) and Shardul Amarchand Mangaldas (SAM) ($1.6 Billion across 15 deals) completed the top five.






Among the largest PE deals in Q1 2022, AZB, Trilegal, CAM, Khaitan, Argus Partners, and Anagram Partners advised food delivery unicorn Swiggy's $634 million fundraise, led by Invesco. Trilegal, CAM, and Khaitan advised the $593 million acquisition of IDFC Asset Management Company by a consortium comprising Bandhan Financial Holdings Limited and private equity investors GIC and ChrysCapital. AZB acted as advisor to Bain Capital's $486 million acquisition of a 25% stake in IIFL Wealth Management (from Fairfax India and General Atlantic).

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 foreign firms, Weil, Gotshal & Manges came on top having advised 1 deal worth $263 million. Gunderson Dettmer took the second spot having advised 2 deals worth $125 million. Goodwin Procter came third having advised 2 deals worth $107 million and Lowenstein Sandler took the fourth spot with 1 deal worth $100 million.

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

By Deal Volume

Burgeon Law topped the tables in terms of deal volume having advised 60 deals during the year. AZB took the second spot with 45 deals. This was followed by Algo Legal with 33 deals. CAM took the fourth spot with 32 deals, and IndusLaw and Singhania & Co. completed the top five with 31 deals each.

Among foreign firms, Gunderson Dettmer and Goodwin Procter topped the table in terms of deal volume having advised 2 deals each.


By Industry

Among PE transactions in the IT & ITeS industry (by value), AZB ($2.9 Billion) stood first followed by CAM ($2.0 Billion). Khaitan & Co. ($1.3 Billion) and Trilegal ($1.2 Billion) took the third and fourth spots respectively. Argus Partners ($784 million) completed the top five. By deal volume, Burgeon Law (42 deals) topped the table followed by Algo Legal (27 deals) and AZB (25 deals).

In the Financial Services industry, CAM topped the table having advised 4 deals worth $959 million followed by AZB with 5 deals worth $864 million. Trilegal took the third spot having advised 4 deals worth $824 million. Khaitan & Co. ($717 million across 3 deals) and J Sagar Associates ($268 million across 3 deals) took the fourth and fifth spots respectively.

Under the Infrastructure segment, AZB topped the table (by both value and volume) having advised 3 deals worth $1 Billion, followed by Trilegal with 3 deals worth $397 million. SAM (2 deals worth $380 million) and CAM (2 deals worth $350 million) took the third and fourth spots respectively. Veritas Legal (1 deal worth $330 million) completed the top five.

Trilegal and Khaitan & Co. topped the Real Estate industry. Trilegal advised 2 deals worth $603 million and Khaitan & Co. advised 2 deals worth $587 million.

Trilegal topped (by value) in the Manufacturing industry having advised 2 deals worth $325 million, followed by Khaitan & Co., Wadia Ghandy & Co., Weil, Gotshal & Manges with 1 deal worth $263 million.

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

To showcase your firm's transactions in the 2022 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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