Private Equity

PE Fund Investments

AZB & Partners tops League Table for Legal Advisors to Private Equity deals in 2021 SAM and CAM cla

 

AZB & Partners (AZB) topped the Venture Intelligence League Table for Legal Advisor to Private Equity Transactions in 2021. The firm advised PE deals worth $29.8 Billion (across 179 qualifying deals) during the year. Shardul Amarchand Mangaldas (SAM) ($20.9 Billion across 68 deals) and Cyril Amarchand Mangaldas (CAM) ($20.4 Billion across 142 deals) took the second and third spots. Khaitan & Co. ($17.8 Billion across 113 deals) and IndusLaw ($11.6 Billion across 190 deals) completed the top five. Among the larger Private Equity exit deals during 2021, AZB, SAM, and Trilegal 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). SAM, CAM, Khaitan & Co., IndusLaw, J Sagar Associates, Algo Legal, Latham & Watkins, Morrison Foerster, and Shearman & Sterling acted as advisors to the partial exit by PE-VC investors via the mega IPO of Paytm. CAM and SAM advised Walmart-owned Flipkart's $3.6 Billion funding round led by GIC, CPPIB, and SoftBank. SAM advised Carlyle Group's $3 Billion acquisition of IT Services firm Hexaware Technologies (via the purchase of shares held by Baring Private Equity Asia). 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.