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AZB & Partners advised global Argentina-founded IT and software development company Globant on buying, for up to around $25m, Pune-based product engineering firm Clarice Technologies which was advised by Khaitan & Co.

AZB Bangalore partner Anind Thomas and senior associate Percis Anklesaria acted for Globant.

Khaitan Bangalore partner Rajiv Khaitan, associate partner Vinay Joy and associates Karandeep Makkar and Kirti Krishna acted for Clarice.

The deal is worth Rs 125 to Rs 160 crore, reported the Economic Times.

M&A League TablesIn what will possibly have been its last quarter of existing as a single firm, Amarchand Mangaldas again acted on the most valuable M&A deals though AZB & Partners emerged as the firm with the largest number of recorded transactions.

The firm of former AZB & Partners CEO Abhijit Joshi, Veritas Legal, has advised German specialty chemicals company Evonik on its acquisition of Mumbai-based catalyst supplier Monarch Catalyst, which was advised by J Sagar Associates (JSA) partner Sandeep Mehta.

The value of the purchase of the family owned company founded in 1973 was not disclosed. It is expected to close in the first half of 2015, reported Mint.

wcug12jeJ Sagar Associates (JSA) advised Reliance Infra on its Rs 819 crore ($130m) acquisition of 18 per cent stake in Pipavav Defence and Offshore Engineering which was advised by K Law and Crawford Bayley.

Induslaw represented Olacabs, which must fast be turning into one of its most high-profile and valuable clients, in a $200m takeover of TaxiForSure.

M&AAmarchand maintained its standing as India’s clear M&A leader topping the annual chart for the third year in a row.

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