AZB & Partners tops League Table for Legal Advisors to M&A deals in H1’24

Khaitan & Co. and J Sagar Associates claim the No.2 & No.3 slots

AZB & Partners topped the Venture Intelligence League Table for Legal Advisor to M&A Transactions during H1 2024 advising 37 deals worth $14.8 Billion. It was followed by Khaitan & Co. ($12.8 Billion across 32 deals) and J Sagar Associates (JSA) ($9.8 Billion across 13 deals). Cyril Amarchand Mangaldas (CAM) ($6.2 Billion across 38 deals) and Trilegal ($4.8 Billion across 20 deals) completed the top five.

Among the largest M&A deals during H1 2024, AZB, JSA and Khaitan & Co. advised $8.5 Billion acquisition of Disney Hotstar by Reliance Jio. S&R Associates, Talwar Thakore & Associates (TTA), Khaitan & Co. and Trilegal advised the $2 Billion buyout deal of ATC India by Canadian infrastructure investor Brookfield Asset Management. CAM advised the $1.3 Billion in the acquisition of a further stake in Ambuja Cement by Adani Enterprises.

Among foreign firms, Kirkland & Ellis came on top having advised 1 deal worth $1.3 Billion. Freshfields Bruckhaus Deringer followed next having advised 1 deal worth $350 million. They were followed by Skadden Arps Slate Meagher & Flom with 1 deal worth $160 million.

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

By Deal Volume

CAM took the top spot with 38 deals, followed by AZB with 37 deals. Khaitan & Co. (32 deals) and Trilegal (20 deals) took third and fourth spots respectively. JSA and Shardul Amarchand Mangaldas (SAM) took the fifth spot advising 13 deals each.

By Industry

Led by the Disney-Jio deal, Media & Entertainment led the M&A charts in H1'24. AZB, JSA and Khaitan & Co. took the top spot in the industry advising deals worth $8.5 Billion, CAM followed with $500 Million. DSK Legal and Universal Legal took the third spot with $75 Million.

Under IT& ITeS industry deals, AZB topped the table by value with $1.4 Billion, followed by Kirkland & Ellis with deal worth $1.29 Billion. Khaitan & Co. took the third spot advising deals worth $0.92 Billion. By deal volume AZB topped by advising 13 deals. Khaitan & Co. advised 7 deals taking the second spot. CAM took the third spot advising 5 deals.

Under the BFSI industry (by value), AZB (7 Deals across $2.6 Billion) topped the table followed by CAM which advised 2 deals worth $1.2 Billion. Trilegal took the third spot advising 5 deals worth $900 Million. By deal volume, AZB and Trilegal topped, followed by Khaitan which advised 3 deals.

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

To showcase your firms' transactions in the 2024 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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