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AZB most active private equity legal adviser in India

Corporate law firm AZB & Partners has topped the Venture Intelligence India league tables as the most active legal adviser for both private equity and M&A deals, advising a total of 50 transactions in the first six months of 2010.

 

Ernst & Young topped the league tables as the most active transaction adviser (both PE and M&A) for the half year.

Among private equity transactions, AZB advised 25 deals worth over USD1.5bn during the period including Olympus Capital’s USD300m investment in Tata Power’s coal mine SPVs in Indonesia, the USD217m investment by Standard Chartered PE, KKR and New Silk Route in Coffee Day Resorts and the USD175m investment by Temasek into National Stock Exchange.

Other legal advisers who advised a significant number of private equity transactions during H1 2010 include ALMT Legal and J Sagar Associates with seven deals each.

Ernst & Young advised five private equity deals worth USD276m during the period, including Bain Capital and TPG Growth’s USD86m investment in Lilliput Kidswear, Warburg Pincus’ USD85m investment in Metropolis Healthcare and Actis’ USD78m investment in Tata Realty and Infrastructure’s road project SPV.

Other transaction advisers who advised a significant number of private equity deals during H1 2010 include Intellecap (three), Veda Corporate Advisors (three) and Edelweiss (two).

Among M&A transactions, AZB advised 25 deals worth almost USD13bn during the period, including the Bharti’s acquisition of Zain’s African operations, Jindal Steel’s acquisition of Oman’s Shadeed Iron & Steel and American Tower’s acquisition of Essar Telecom Infrastructure.

Other legal advisers who advised a significant number of M&A transactions during H1 2010 include Tatva Legal (11 deals) and Trilegal (eight).

Ernst & Young advised 12 M&A deals worth almost USD14bn during the period, including GTL’s acquisition of Aircel’s tower business, Kalanidhi Maran’s bid for SpiceJet and Bharti’s acquisition of Zain’s African operations.

Other transaction advisers who had advised a significant number of M&A deals during H1 2010 include Kotak (six deals), Standard Chartered (five) and Deloitte (six).

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