Private Equity

PE Fund Investments

Ernst & Young tops League Table for Transaction Advisors to M&A deals in 2021

JM Financial and Kotak Mahindra Capital claim the No.2 & No.3 slots  

Ernst & Young (EY) topped the Venture Intelligence League Table for Transaction Advisor to M&A Deals during 2021, advising 39 deals worth $16.75 Billion. JM Financial ($7.88 Billion across 13 deals) and Kotak Mahindra Capital ($7.87 Billion across 8 deals) took the second and third spots, respectively. Avendus ($5.91 Billion across 9 deals) and PwC ($5.63 Billion across 13 deals) completed the top five. Among the larger deals of 2021, EY and Arpwood Capital acted as the advisors to the $5.2 Billion buyout of Dewan Housing Finance, or DHFL, by Piramal Enterprises. Avendus, Kotak Mahindra Capital, and PwC acted as the advisors to the digital payments provider Billdesk's $4.7 Billion acquisition by Prosus-Ventures backed PayU. EY acted as advisor to Carlyle Group's acquisition of Baring Private Equity Asia's (BPEA) stake in Hexaware Technologies. JM Financial advised the $2.8 Billion bid by Blackstone to buy out a 75% stake in publicly listed MphasiS. 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. By Deal Volume Ernst & Young topped the table in terms of deal volume with 39 deals. They were followed by PwC and JM Financial in the second spots, having advised 13 deals each. Avendus and KPMG took the third spot with 9 deals each. Veda Corporate Advisors and Kotak Mahindra Capital took the fourth spot with 8 deals each.