Avendus tops League Table for Transaction Advisors to PE deals in H1'23

Jefferies & Co. and ICICI Securities claim the No.2&3 slot

Avendus topped the Venture Intelligence League Table for Transaction Advisor to Private Equity Transactions for H1 2023 advising 10 deals worth $1.46 Billion. Jefferies & Co. stood second having advised the $1.1 Billion HDFC Credila deal. ICICI Securities followed with 6 deals worth $449 million. Ernst & Young ($408 million across 7 deals) and Aeka Advisors ($228 million across 3 deals) completed the top five for H1 2023.

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 the larger deals in the latest quarter, Jefferies & Co., Ernst & Young, Arpwood Capital acted as advisors to the $1.1 Billion buyout of HDFC Credila by consortium of private equity firms, including BPEA EQT and ChrysCapital. Ernst & Young advised AMP Energy’s $250 million fund raise from AIIB, SMBC and ICG. ICICI Securities advised TPG Capital’s exit from Shriram Finance.

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

By Deal Volume

Avendus also topped the tables in terms of deal volume having advised 10 deals during H1 2023. This was followed by Unitus Capital with 9 deals. Veda Corporate Advisors took the third spot with 8 deals. Ernst & Young took the fourth spot with 7 deals. ICICI Securities, Ambit, Upwisery and Dexter Capital took the fifth spot with 6 deals each.

Including Other Advisory Services

Inclusive of its roles in due diligence and related advisory activities, Ernst & Young topped the table, having advised 58 deals worth $10.51 Billion followed by PwC with 54 deals worth $8.95 Billion. Avendus took the third spot having advised 10 deals worth $1.46 Billion. Axis Capital stood fourth having advised 1 deal worth $1.42 Billion. They were followed by KPMG with 17 deals worth $1.34 Billion.

By Deal Volume

Ernst & Young topped the table by volume having advised 58 deals. PwC took the second spot with 54 deals. The third spot went to AVA Insights having advised 44 deals. Acquisory Consulting LLP (29 deals) took the fourth spot and BDO India (19 deals) completed the top five.

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

To showcase your firms' transactions in the 2023 League Tables, mail Vanathi at

deals@ventureintelligence.com.

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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