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Bloomberg Q1 2016: Cyril Amarchand Mangaldas tops deal value table; AZB first in deal count

Bloomberg Q1 2016: Cyril Amarchand Mangaldas tops deal value table; AZB first in deal count

Aditya AK

Cyril Amarchand Mangaldas has topped Bloomberg’s first quarter league tables for M&A transactions in India in terms of deal value. AZB & Partners has the highest number of deals for the first quarter of 2016.

Deal Value

With a deal value of $3.03 billion for 5 deals, Cyril Amarchand has a market share of 27.2%. AZB & Partners is second on the list, with 18 deals valued at $1.6 billion (almost half of the deal value of Cyril Amarchand’s 5 deals).

What will be interesting to see is the change, if any, in these numbers in the next quarter. As reported on Bar & Bench, AZB & Partners has recently poached Cyril Amarchand’s star corporate Partner Ashwath Rau. Rau’s addition will undoubtedly boos the firm’s already strong M&A Practice.

J. Sagar Associates is in 6th place, with 5 deals at $720 million. Veritas Legal, set up by ex-AZB Partner Abhijit Joshi last year, is ahead of Khaitan & Co in terms of deal value, with 3 deals at $374 million to Khaitan’s 12 deals at $282 million.

Also featuring on the list are Shardul Amarchand Mangaldas, Economic Laws Practice and Majmudar & Co.

RankFirmDeal Value (in $ million)Deal Count
1Cyril Amarchand Mangaldas3,0365
2AZB & Partners1,60918
3De Brauw Blackstone Westbroek NV1,1791
3Paul Weiss Rifkind Wharton & Garrison1,1791
3Simpson Thacher & Bartlett1,1791
7Hughes Hubbard & Reed4601
7Kirkland & Ellis4601
9Veritas Legal3743
10Khaitan & Co28212
11White & Case2683
12Weil Gotshal & Manges2001
13Shearman & Sterling2003
14O’Melveny & Myers1501
15Shardul Amarchand Mangaldas844

Deal Count

AZB’s 18 deals is followed by Khaitan in second, with 12 deals. Cyril Amarchand and JSA are next with 5 deals each, followed by Shardul Amarchand and ELP with 4 each. Veritas Legal has 3, while Majmudar & Co and Trilegal have 2 each.

RankFirmDeal Value (in $ million)Deal Count
1AZB & Partners160918
2Khaitan & Co28212
3Cyril Amarchand Mangaldas30365
5Shardul Amarchand Mangaldas844
5Economic Laws Practice664
7Veritas Legal3743
7White & Case2683
7Shearman & Sterling2003
10Jones Day662
10Majmudar & Co142
10Allen & Overy2

Recently, Cyril Amarchand also topped the Mergermarket league tables for 2016 Q1, while Khaitan had the highest number of deals.