Oct. 29, 2012
-- Ernst & Young, which advised a total of 44 transactions, topped the Venture Intelligence India League Tables as the Most Active Transaction Advisor (for both Private Equity and M&A deals) in the nine months ended September 2012. AZB & Partners topped the Most Active Legal Advisor Table for Private Equity transactions and Amarchand & Mangaldas topped as the Most Active Legal Advisor for M&A transactions in the same period.
Private Equity Deals
Ernst & Young advised 24 PE deals during the period, including SBI Macquarie’s $150-M investment in Ashoka Concessions and IDFC PE’s investment in Star Agri Warehousing and Collateral Management. Other transaction advisors who advised a significant number of PE deals during the nine months ended September 12 include Avendus and Unitus Capital (with 6 deals each), Spark Capital and Intellecap ( with 5 deals each), Kotak Mahindra Capital Company (with 4 deals), and o3 Capital (with 3 deals).
Among legal advisors, AZB advised 22 deals during the period including GIC’s investment in Vasan Healthcare and the investment by Mount Kellett and IFC in Jain Irrigation Systems. Other legal advisors who advised a significant number of PE transactions during the period include Amarchand & Mangaldas (17 deals), Trilegal (15 deals), ALMT Legal (13 deals) and K Law, J Sagar Associates, Khaitan & Co, and Tatva Legal (10 deals each).
Ernst & Young advised 20 M&A deals during the period including Panasonic Corp's acquisition of Firepro Systems and the acquisition of Suvi Info Management by Jagran Media. Other transaction advisors who had advised a significant number of M&A deals during the nine months ended September 12 include Deloitte (13 deals), PwC ( 9 deals), BMR Advisors (6 deals) and Avendus (4 deals).
Among legal advisors, Amarchand & Mangaldas advised 20 deals during the period, including Piramal Healthcare’s acquisition of Decision Resources Group and L&T Finance’s acquisition of Fidelity’s Mutual Fund business in India. Other legal advisors who advised a significant number of M&A transactions during the nine months ended September ‘12 include Khaitan & Co. (19 deals), AZB & Partners (16 deals), ALMT Legal and Rajani Associates (14 deals each), and DSK Legal and J Sagar Associates (9 deals each).
The Venture Intelligence League Tables, the first such initiative exclusively tracking transactions involving India-based companies, are based on volume of PE and M&A transactions advised by Transaction and Legal Advisory firms. The full league tables can be viewed online at http://ventureintelligence.in/league.htm