AZB & Partners has retained its status – for the fourth
consecutive year – as the Most Active Legal Advisor for Private Equity
transactions during 2013. According to the Venture Intelligence League
Tables, AZB finished the year with 166 points (across 42 qualifying
deals). ALMT Legal and K Law vaulted to the second spot with 80 points
(across 20 deals) each. Amarchand & Mangaldas, Samvad Partners and
NovoJuris finished joint third with 76 points each (across 19 deals).
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 (combined with credits
based on fulfilment of criteria) advised by Transaction and Legal
Advisory firms.
AZB advised PE deals during the period included
KKR’s acquisition of controlling stake in Alliance Tire Group and Baring
Asia’s $256 million investment in Lafarge India. Large transactions
advised by ALMT Legal included Emcure Pharmaceuticals’ attracting
of a $150 million investment from Bain Capital, while K Law advised
Nexus Ventures and Kalaari Capital on their participation in the $50
million round raised by e-commerce firm Snapdeal.com.
The
year also saw a lot of new entrants like Bharucha & Partners and
P&C Legal enter the Venture Intelligence Most Active Legal Advisors
for Private Equity league table.
Amarchand & Mangaldas topped the Venture Intelligence League
Tables for Most Active Legal Advisor to M&A transactions for 2013
with 136 points (across 37 qualifying deals) followed by Khaitan &
Co. with 92 points (across 25 deals). AZB & Partners came in
next with 90 points (26 deals).
Amarchand
& Mangaldas advised M&A deals during the year included the
$2.47 Billion acquisition of Videocon’s stake in Mozambique gas field by
ONGG Videsh and Oil India Limited and the Holcim – Ambuja Cements
restructuring deal. Khaitan & Co. advised deals included Torrent
Pharmaceuticals’ $323 million acquisition of formulations business
of Elder Pharmaceuticals and the $214 million stake increase by Standard
& Poor’s McGraw Hill in rating agency CRISIL. AZB advised M&A
deals in 2013 included the $150 million acquisition of Ashirvad Pipes by
Belgium-based Aliaxis Group and the completion of the 55% stake
acquisition in Cello Pens by France’s BIC.
Amarchand
& Mangaldas also topped the table in terms of value of the deals
advised, followed by Luthra & Luthra (whose notable deals
during the year included the $1.75 Billion acquisition of Strides
Arcolab’s Agila Specialties division by Mylan Laboratories and
Indiabulls Group’s buyout of Farallon Capital from its real estate
project subsidiaries. S&R Associates came in next in terms of deals
advised by value.
Khaitan & Co. topped the Inbound deals
chart with 16 deals, followed by Amarchand and AZB with 14 and 13 deals
respectively. AZB & Partners led the Outbound M&A deals with
four deals. Amarchand & Mangaldas deal count included 22 domestic
deals, followed by AZB and Khaitan & Co. with 9 deals each.
New
Entrants to the Venture Intelligence M&A table for Legal Advisors
during 2013 include Finsec Law, P&C Legal and Bharucha &
Partners.
Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India’s First & Most Exhaustive Transactions Newsletter.
