The Venture Intelligence Blog

Aeka Advisors and Ambit claim the No.2 & 3 slot Avendus topped the Venture Intelligence League Table for Transaction Advisor to Private Equity Transactions for Q1 2023 advising 5 deals worth $808 million. Aeka Advisors stood second having advised 3 deals worth $228 million. Ambit followed with 4 deals worth $160 million. Ernst & Young ($114 million across 4 deals) and o3 Capital ($80 million across 2 deals) completed the top five for Q1 2023. Avendus acted as advisor to ADIA’s $500 million investment in omnichannel eyewear retailer Lenskart . Aeka Advisors acted as advisor to Kreditbee’s $160 million fundraise from Advent International, Mitsubishi UFJ Financial Group (MUFG) and existing investors. Ambit advised the $104 million fundraise of Freshtohome from Mount Judi Ventures, Iron Pillar, Amazon and others. The  Venture Intelligence League Tables , the first such initiative exclusively tracking transactions involving India-based companies, are based on the value of...

Citi and JM Financial claim the No.2 slot Avendus topped the Venture Intelligence League Table for Transaction Advisor to Private Equity Transactions for Q1 2022. Avendus advised 11 deals worth $1.8 Billion. Citi and JM Financial stood second having advised 1 deal worth $593 million. They were followed by Axis Capital , JP Morgan , and Nova Dhruva Capital with 1 deal worth $486 million. PwC ($320 million across 2 deals) and IndigoEdge ($139 million across 4 deals) completed the top five for Q1 2022. Among the larger private equity deals in Q1 2022, Avendus acted as advisor to food delivery unicorn Swiggy's $634 million fundraise, led by Invesco . Citi and JM Financial 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 . Axis Capital, JP Morgan, and Nova Dhruva Capital acted as the advisors to Bain Capital's $486 million acquisition of a 25% ...

Veda Corporate Advisors & o3 Capital top by deal volume; EY tops table inclusive of due diligence & other services ICICI Securities claimed the top position in the Venture Intelligence League Table for Transaction Advisor to Private Equity deals in H1 2017 acting as financial advisor to the $383 million stake sale in ICICI Lombard General (by Fairfax Holdings) to investors including Warburg Pincus . Citi (which advised the $360 million Tata Technologies-Warburg Pincus deal )and Axis Capital ($275 million buyout of Aegis BPO by Capital Square Partners ) registered the second and third spots respectively.  The Venture Intelligence League Tables , the first such initiative exclusively tracking transactions involving India-based companies, are based on value of PE and M&A transactions advised by Transaction and Legal Advisory firms. Deloitte ($250 million investment by CDPQ in a Realty JV with Piramal Enterprises ) and Avendus ($208 million across fo...

Unitus Capital tops by deal volume; PwC, EY top table inclusive of due diligence & other services SBI Capital Markets claimed the top position in the Venture Intelligence League Table for Transaction Advisor to Private Equity deals in 2016 acting as financial advisor to three qualifying PE investments worth $2,030 million. SBI Caps which advised the $1,630 million acquisition of tower assets of Reliance Infratel by Brookfield was followed by Ambit Corporate Finance ($1,645 million across two deals) and UBS Securities  ($1,630 million across one deal). All the three investment banks were advisors to the biggest PE deal of 2016: the $1,630 million acquisition of telecom tower assets of Reliance Infratel by Brookfield. The Venture Intelligence League Tables, the first such initiative exclusively tracking transactions involving India-based companies, are based on value of PE and M&A transactions advised by Transaction and Legal Advisory firms. Kotak Investmen...

Business Today has a cover story on the phenomenon. Among the "bigger boutiques", Veda Corporate Advisors, set up by C. Venkat Subramanyam and M. Vinod Kumar, who have been together for 20 years, through three jobs and two entrepreneurial ventures, has 20 people. Jacob Mathew, M. Ramprasad and Ajay Garg left DSP Merrill Lynch to start MAPE Advisory, which has 38 people. And Equirus, which came into existence when Garg left MAPE to start his own outfit, has 40, half of them in investment banking and the other half in institutional equity ...In fact, boutiques are the ones really active in the ring right now, feasting on deals of Rs 50 crore to Rs 200 crore, which is the range where the action is. They charge the same percentage as fee that the big ones do, but get by happily in spite of the low absolute amount, a result of the smaller deal sizes, because their expenses are far lower. ...It is not just the lower expenses that make boutiques click with clients. All six that BT ...

Extract from an Economic Times article by Manish Kanchan, Managing Director of SAGE Capital. Very often we see entrepreneurs consulting with well wishers, old-time chartered accountants or their loyal CFOs during the deal-making process. Usually this is the first time anybody is dealing with private equity transactions and are therefore completely out of their depths. Sometimes, they are also insecure about their own future position in the company. ...Investment bankers are your allies. Choose them based on their track record of having closed similar transactions Ask for references and speak with them. Do not appoint them based on the valuation they promise you. Investment bankers do not sign the cheque. Once appointed, trust them and encourage them to provide you with honest feedback directly. The same applies for lawyers as well. ...The business plan must be realistic with a slight optimistic bias. It should also be linked to past performance. If the business has grown at 15% over l...