Private Equity

Private Equity Fund Investments

EY tops League Table for Transaction Advisors to M&A deals in first 9 months of 2021

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

Ernst & Young (EY) topped the Venture Intelligence League Table for Transaction Advisor to M&A Deals during the first nine months of 2021, advising 23 qualifying deals worth $8.2 Billion. Kotak Mahindra Capital ($7.9 Billion across 8 deals) and Avendus ($5.7 Billion across 7 deals) took the second and third spots, respectively. JM Financial ($1.9 Billion across 6 deals) and Deloitte ($1.8 Billion across 3 deals) completed the top five. 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. Among the largest deals in Q3 2021, Avendus and Kotak Mahindra Capital advised the acquisition of digital payments provider Billdesk by PayU. DC Advisory advised Edtech unicorn Byju's $600 million acquisition of upskilling platform Great Learning, while Standard Chartered Bank advised Private Equity firm Advent International's $598 million buyout of Shapoorji Pallonji Group's stake in Eureka Forbes Limited.