AZB & Partners tops League Table for Legal Advisors to Private Equity deals for H1'22

Trilegal and Khaitan & Co. claim the No.2 & No.3 slots

AZB & Partners (AZB) topped the Venture Intelligence League Table for Legal Advisor to Private Equity Transactions in H1 2022. advising PE deals worth $11.1 Billion (across 84 qualifying deals) during the period. Trilegal ($5.7 Billion across 36 deals) and Khaitan & Co. ($5.35 Billion across 37 deals) took the second and third spots. Cyril Amarchand Mangaldas (CAM) ($5.3 Billion across 46 deals) and IndusLaw ($3.3 Billion across 85 deals) completed the top five.

Among the larger PE-VC transactions during the period, Shardul Amarchand Mangaldas (SAM), Trilegal, Freshfields Bruckhaus Deringer advised Mobile Content and News aggregator Unicorn – Dailyhunt’s $805 million fundraise from Sumeru Ventures, Luxor Capital, Ontario Teachers Pension Plan, Sofina, Baillie Gifford, and CPPIB. AZB & Partners and Indus Law advised food delivery company Zomato’s acquisition of instant grocery startup Blinkit (formerly known as Grofers). AZB & Partners, Khaitan & Co. and Trilegal advised CPPIB in joint venture with Tata Realty and Infrastructure.

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, Freshfields Bruckhaus Deringer came on top having advised 1 deal worth $805 million. Cleary Gottlieb Steen Hamilton and Kirkland & Ellis took the second spot having advised 1 deal worth $360 million. Weil, Gotshal & Manges came third having advised 1 deal worth $263 million each, and Gunderson Dettmer took the fourth spot with 4 deals worth $239 million. Simpson Thacher & Bartlett took the fifth spot advising 1 deal worth $236 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 107 deals during H1 2022. IndusLaw took the second spot with 85 deals. This was followed by AZB & Partners with 84 deals. Cyril Amarchand Mangaldas, Jerome Merchant + Partners and Peritum Partners took the fourth spot with 46 deals each, and Lexstart completed the top five with 38 deals.

Among foreign firms, Gunderson Dettmer topped the table in terms of deal volume by advising 4 deals. Goodwin Procter came in second advising 3 deals.

By Industry

Among PE transactions in the IT & ITeS industry (by value), AZB ($4.8 Billion) stood first followed by IndusLaw ($2.6 Billion). CAM ($2.3 Billion) and Khaitan & Co. ($2.1 Billion) took the third and fourth spots respectively. Trilegal ($2.04 Billion) completed the top five. By deal volume, Burgeon Law (71 deals) topped the table followed by IndusLaw (66 deals) and AZB (51 deals). Peritum Partners took the fourth spot with 35 deals and Jerome Merchant + Partners completed the top five with 34 deals.

Under the Financial Services industry, AZB topped the table advising 7 deals worth $1.9 Billion followed by CAM advising 4 deals worth $1.32 Billion. Khaitan & Co. took the third spot advising 6 deals worth $1.09 Billion. Trilegal ($1.05 million across 5 deals) and J Sagar Associates ($268 million across 3 deals) took the fourth and fifth spots respectively.

Among Infrastructure sector deals, AZB topped the table advising 7 deals worth $1.2 Billion, followed by IndusLaw with 3 deals worth $454 million. CAM (4 deals worth $440 million) and Trilegal (5 deals worth $402 million) took the third and fourth spots respectively. SAM (3 deals worth $380 million) completed the top five.

Trilegal topped the Real Estate industry. Khaitan & Co. advised 3 deals worth $939 million and AZB advised 3 deals worth $743 million.

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

To showcase your firms' 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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