Corporate law firm AZB & Partners and Ernst & Young have topped the Venture Intelligence India League Tables for 2011 for the second year in a row.
Ernst & Young – which advised a total of 93 qualifying transactions - topped the league as the Most Active Transaction Advisor (both private equity and mergers and acquisitions) for the year.
Among legal advisors, AZB had advised in the largest number of PE and M&A deals with a total of 73 deals during the year. Both these firms had topped the league tables for the year 2010 as well.
Venture Intelligence League Tables, is the first initiative to exclusively track transactions involving India-based companies, on the basis of the volume of PE and M&A transactions advised by transaction and legal advisory firms.
Among PE transactions, AZB advised 45 deals during 2011 including GIC and Bain Capital's $828-million investment in Hero Investments, and Warburg Pincus' $150-million investment in Diligent Power.
Other legal advisors who advised a significant number of PE transactions during 2011 include Amarchand & Mangaldas (44), Indus Law (31), ALMT Legal (29), DSK Legal (18),Trilegal (17), Khaitan & Co.(15), Novojuris (14), Nishith Desai Associates (12) and Tatva Legal (12).