The Venture Intelligence Blog

Private Equity investors are bagging smart gains from their packaging company investments. Here are details of two such large M&A deals in the sector: 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.

Khaitan and SAM claim the No.2 & No. 3 slots AZB & Partners (AZB) topped the Venture Intelligence League Table for Legal Advisor to M&A Transactions for Q1 2022. AZB advised 22 M&A deals worth $4.8 Billion. It was followed by Khaitan & Co. ($3.95 Billion across 25 deals) and Shardul Amarchand Mangaldas (SAM) ($3.91 Billion across 11 deals) in the second and third spots respectively. K Law ($3.6 Billion across 6 deals) took the fourth spot with Baker McKenzie and Goodwin Procter ($3.3 Billion across 1 deal) completing the top five. 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 M&A deals during Q1 2022, SAM, K Law, Baker Mckenzie, and Goodwin Procter advised the $3.3 Billion acquisition of Viatris’ biosimilars business by Biocon Biologics (a subsidiary...

Advising deals worth $918 million,  KPMG topped the Venture Intelligence League Table for Transaction Advisor to M&A Deals  for the quarter ending March 2020. Arpwood Capital  took the second place with $770 million followed by  Ernst & Young  with $571 million. RBSA Advisors  ($530 million) and Ambit Corporate Finance ($297 million) completed the top five. 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. KPMG advised the  takeover of distressed RattanIndia Power by a consortium of investors for $568 million . Arpwood Capital advised  Nuvoco Vistas’ $770 million acquisition of Emami Cement . Ernst & Young advised  Zomato's acquisition of Uber Eats . RBSA Advisors advised  NTPC’s acquisition of NEEPCO  and Ambit Cor...

Deloitte  topped the  Venture Intelligence  League   Table   for   Transaction  Advisor to M&A Deals in H1'19. Deloitte advised M&A deals worth $2.8 Billion (across 6 qualifying deals) during the period.  Ambit Corporate Finance ($2.4 Billion across 4 deals) and  Ernst & Young  ($2 Billion across 7 deals) took the second and third spot.  KPMG  ($2 Billion across 6 deals) and  Axis Capital ($1.6 Billion across 2 deals) completed the top five. 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. The largest deal advised by  Deloitte   was Power Finance Corporation's merger with Rural Electrification Corporation for $2.1 Billion . Ambit Corporate Finance advised Brookfield's $1.9 Billion buyout of Pipeline Infra...

AZB & Partners topped the Venture Intelligence League Table for Legal Advisor to M&A Transactions in Q1 2019 . AZB advised M&A deals worth $7.8 Billion (across 15 qualifying deals) . Shardul Amarchand Mangaldas ( SAM , $7.3 Billion across 10 deals) and Cyril Amarchand Mangaldas (CAM, $4.9 Billion across 13 deals) took the second and third spot. Argus Partners (which advised the GRUH Finance - Bandhan Bank merger ) and L&L Partner (earlier Luthra & Luthra, $2.8 Billion across 4 deals) completed the top five. 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. Among large deals in the quarter, AZB and SAM advised the GRUH Finance - Bandhan Bank merger and Brookfield's $1.9 Billion buyout of Pipeline Infrastructure from Reliance Industries . CAM, J Sagar Associates and...

Ambit Corporate Finance topped the Venture Intelligence League Table for Transaction Advisor to M&A Deals in Q1'19 . Ambit advised M&A deals worth $2.4 Billion (across 4 qualifying deals) during the period . Deloitte ($2.1 Billion across 4 deals) and RBSA Advisors ($1.3 Billion across 2 deals) took the second and third spot. JM Financial (which advised Brookfield's $577 million acquisition of assets from Hotel Leelaventure ) and KPMG ($554 million across 3 deals) completed the top five. 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. The largest deal advised by Ambit was Brookfield's $1.9 Billion buyout of Pipeline Infrastructure from Reliance Industries. It also advised Cube Highways' (a road platform owned by I Squared Capital and IFC) $520 million acquisition o...

Barclays, Goldman Sachs claim the No.2 & No.3 slots; EY claims top spot including other advisory services JP Morgan topped the Venture Intelligence League Table for Transaction Advisor to M&A Transactions in 2018 . JP Morgan advised M&A deals worth $21.8 Billion (across 5 qualifying deals) during the period . Barclays ($21.1 Billion across 4 deals) and Goldman Sachs ($16.8 Billion across 2 deals) took the second and third spot. DSP Merrill Lynch and Morgan Stanley which advised the $14.6 Billion merger between Indus Towers and Bharti Infratel took the fourth spot. Alvarez & Marsal ($9.6 Billion across 6 deals) came in fifth. The top three transaction advisors had advised the $16 Billion acquisition of Flipkart by Walmart . 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. ...

AZB & Partners, Cyril Amarchand Mangaldas claim the No.2 & No.3 slots; AZB & Partners claims top spot by deal volume Shardul Amarchand Mangaldas (SAM) topped the Venture Intelligence League Table for Legal Advisor to M&A Transactions in 2018 . SAM advised M&A deals worth $59.3 Billion (across 69 qualifying deals) in 2018 . AZB & Partners ($42.6 Billion across 73 deals) and Cyril Amarchand Mangaldas (CAM, $34.2 Billion across 48 deals) took the second and third spot. Khaitan & Co. ($26.5 Billion across 67 deals) and Trilegal ($22.2 Billion across 18 deals) completed the top five in 2018. 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. SAM advised deals include Walmart's $16 Billion acquisition of Flipkart and the $14.6 Billion merger between Indus Tower...

Shardul Amarchand & Mangaldas (SAM) topped the Venture Intelligence League Table for Legal Advisors to M&A Transactions in the 9 month period ending September 2018. SAM advised M&A deals worth $50.1 Billion (across 38 qualifying deals) during the period. AZB & Partners (AZB) which advised deals worth $35 Billion across 54 deals came in at second place. Advising deals worth $26.6 Billion,  Cyril Amarchand Mangaldas (CAM) followed next. Khaitan & Co. ($24.2 Billion) and  Trilegal ($21.6 Billion) completed the Top 5.  Four of the top 5 - SAM, CAM, Khaitan and Trilegal - were advisors to the Walmart-Flipkart deal. 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. By Deal Volume AZB topped the tables in terms of deal volume with 54 deals, followed ...

(Click on the image for a larger view) Note: The above data from the Venture Intelligence M&A Deal database includes only majority control transactions and does not include minority investments like Nippon Life's 26% stake acquisitions in Reliance Life and Reliance Mutual Fund. From a recent Business Today article: Arun Goyal, Minister (Economic and Commercial) at the Indian Embassy in Tokyo, says: "Today, 850 Japanese companies are active in India. There were only 200 around four years ago." Small Japanese companies have woken up to India, too. Much of this interest in India is due to Japanese companies' disillusionment with China. Jun Hemmi, Executive Director of Edelweiss Tokio Life Insurance Company, who was the first CEO of Iffco Tokio General Insurance Company nearly a decade ago, says China is a challenge for Japanese companies. "We have not been best of friends," he says. "It's like an Indian company trying to sell retail products in Pa...

Warburg Pincus, Gaja Capital and Inventus Capital were adjudged the leading Private Equity, Growth Capital and Early Stage investors in India for 2011 at the latest Venture Intelligence APEX Awards. Among corporate law firms, AZB & Partners topped the Venture Intelligence League Tables as the Most Active Legal Advisors (for both Private Equity and M&A transactions) in 2011, while Ernst & Young topped the League Tables as the Most Active Transaction Advisor (PE and M&A) for the year. The awards were given away as part of Venture Intelligence APEX‘12, the annual conclave of the Indian Private Equity & Venture Capital industry, by Mr. Harsh Mariwala, Chairman of Marico Ltd and Mr.M.Damodaran, Former Chairman of SEBI. Fund accounting KPO firm Basiz was the co-host for the APEX’12 Awards function. Receiving the “Best Early Stage Investor-2011” Award, Kanwal Rekhi, Managing Director, Inventus said, “This award is especially welcome as it comes at a time when the early sta...

From the press release: Taurus Flexibles have announced their strategic association with Spain based Cikautxo s. Coop and Mondragon S. Coop to augment the manufacturing of rubber and plastic hoses for the automotive segment for international and domestic markets. This tie-up is being achieved by the acquisition of 50% stake in Taurus’ wholly owned EOU subsidiary in Pune created from the transfer of assets from the parent group. The joint venture company is called Cikautxo Taurus Flexibles Private Ltd. and has an estimated networth of Rs. 34 crores. Taurus Flexibles is a Rs. 200 crores reputed domestic manufacturer of automotive tubes and hoses with an impressive track record, while with € 220 million turnover, Cikautxo s. Coop of Spain designs and manufactures parts and assemblies for diverse applications for the automotive industry. The company holds the repute of proving service to leading automobile companies in the world. Commenting about the deal, Rishi Kshettry, CEO, Cikautxo T...

During the nine months ended September 2010, Indian companies were involved in a total of 474 M&A deals, up 72% from the same period in 2009, according to a study by Venture Intelligence (http://www.ventureintelligence.in), a research service focused on Private Equity and M&A transaction activity in India. The median deal value during the first nine months of 2010 (for the 206 deals which had announced transaction values) at $16 million was however down from the median deal value of $20 million for the same period in 2009, the Venture Intelligence study found. In the largest deal during the period, Reliance Natural Resources agreed to merge with Reliance Power in a deal valued at $11 billion. This was followed by Bharti Airtel’s $10.7 billion acquisition of Kuwaiti-based Zain's African assets; Vedanta Resources’ $8.5 billion bid to acquire oil & gas firm Cairn India and Mundra Port’s $5.48 billion amalgamation with Adani Enterprises. About 30% of the deals in the nine ...

Extract from an article in Economic Times by RPG Group's Harsh Goenka. Fast forward to the current era. We have learnt a lot over the decades and governed by our own experience , are now focusing more on the technology quotient, growth potential and management expertise of the target, rather than the traditional levers of cash-rich and synergy benefits. Yet, despite access to a far more efficient investment banking network and the numerous sources of information that are available today, it is still not easy to find the right company to acquire. The number of cases we end up rejecting at stage one are phenomenal! More often than not, we are left with only one or two suitable projects to pursue. And I find myself still relying on instinct to some degree and still doing my back-of-the-envelope estimations. ...There is a pattern that I sense emerging as far as Indian companies are concerned. M&As are likely to be limited to certain sectors in the next3-5 years as cheap and easy f...