Private Equity

PE Fund Investments

Avendus tops League Table for Transaction Advisors to PE deals in Q1'22

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% stake in IIFL Wealth Management (from Fairfax India and General Atlantic). 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.