Private Equity

Private Equity Fund Investments

Avendus tops League Table for Transaction Advisors to PE deals for first 9 months of 2021

Ernst & Young and Kotak Mahindra Capital claim the No.2 & No.3 slots  

Avendus has topped the Venture Intelligence League Table for Transaction Advisor to Private Equity Transactions in the first nine months of 2021. Avendus advised 33 PE deals worth $8.3 Billion during the period. Ernst & Young stood second having advised 20 deals worth $7 Billion. They were followed by Kotak Mahindra Capital with 8 deals worth $3.2 Billion. Credit Suisse ($1.02 Billion across 2 deals) and Ambit Corporate Finance ($1 Billion across 10 deals) completed the top five in the period. Among the largest deals in Q3 2021, Avendus and Kotak Mahindra Capital acted as advisors to the complete exit by PE-VC investors in Billdesk (via the digital payments provider's acquisition by Prosus Ventures-backed PayU). Avendus also advised edtech firm Eruditus' $650 million fund raise from Accel USA, SoftBank and CPPIB. Standard Chartered Bank acted as the advisor to Advent International's $598 million buyout of Shapoorji Pallonji Group's stake in Eureka Forbes Limited. 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.