By
Kian Ganz
Thursday, 28 October 2010 14:25Private equity / VCAn estimated 3 minute read...
piePEAZB & Partners, Indus Law, ALMT Legal and Trilegal have topped data provider Venture Intelligence’s private equity league tables for the first nine months of this year.
Between 1 January to 30 September 2010, AZB advised on more 36 private equity deals with a total value of more than $2bn.
This is more than double the number of deals of its nearest rival in the league table. Indus Law has a registered 15 private equity mandates, followed by ALMT Legal and Trilegal, which are both in joint third place with nine deals each.
Amarchand Mangaldas, DSK Legal and Nishith Desai Associates were instructed on eight deals each, closely followed by J Sagar Associates, Rajani Associates, Luthra & Luthra and Khaitan & Co.
Specialist private equity firms and start-ups such as Sand Hill Counsel, ARA Law and Tatva Legal were also represented in the league tables with four deals each.
According to Venture Intelligence Indian private equity investments were $2.1bn million in 88 deals in the quarter ended September 2010, excluding real estate transactions. Total such private equity investments in India in 2010 came to $6.6bn, which is more than twice the $2.5bn total invested in 2009 over the same period.
However, volumes and values dipped to $976m over 65 deals this quarter compared to $2.4bn over 71 deals in Q2 of 2010 but nevertheless were double of deal volumes in the third quarter of 2009.
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Are these numbers reflective of mandates from private equity entities or a combined figure of any role on a private equity deal? It should be good to note who are the firms who get the maximum mandates from private equity entities in private equity deals.
@2 It seems like a combined figure for any role played as if you look closely at the notable deals done by AZB & AMSS, it mentions the same deals for both firms so they must have acted for for one of the guys (PE & Company) and couldnt be for both :-)
Hey Kian.. The mobile version of LI is very cool.. It loads very fast and the page setup is also good. Excuse me for putting this comment in this section..
Many Thanks. Very correct spot. I did spot the same. However, considering the deal might have a Consortium of PEs it is worth asking the question. Stange to see Amarchand and AZB have exactly the same notable deals.
Thanks Barely Legal, glad you like it. Legally India pages get optimised for browsing on iphones, Blackberrys, Nokias and most other major mobile phone web browsing devices.
The data is not ours, it is compiled entirely by Venture Intelligence so we don't know why Lexygen deals were not included.
Ultimately none of these league tables are 100% accurate at the moment in India. Abroad they are slightly more accurate although still often subject to error.
This data as I understand from ventureintelligence website is complied based on the information given by each law firm, which they then filter based on thier criteria. So, even though this may not be a qualitative judgement on law firm capabilities, it does appear that on just the number of deals this looks accurate.
#5, #9 and #10, some key deals Lexygen's done thus far that am aware of. Consortium investment in Asian Genco ($425 mn), TA investment in Micromax ($50 mn), TA investment in Dr. Lal's ($ 35 mn). And also couple of other smallish deals (5-10 mn types). I think most of these were also earlier reported in LI (I could be wrong). Cheers!
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Many Thanks. Very correct spot. I did spot the same. However, considering the deal might have a Consortium of PEs it is worth asking the question. Stange to see Amarchand and AZB have exactly the same notable deals.
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Ultimately none of these league tables are 100% accurate at the moment in India. Abroad they are slightly more accurate although still often subject to error.
Best regards,
Kian
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