Mergermarket 2017: SAM tops deal value tables, AZB with most deals

Mergermarket 2017: SAM tops deal value tables, AZB with most deals
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Mergermarket has released its M&A league tables for the first half of 2017. Shardul Amarchand Mangaldas has topped the deal value table, with 16 deals valued at $16.7 billion. AZB & Partners has recorded the highest number of deals (32) for H1 2017.

The $12.7 billion Idea-Vodafone merger, which took place back in March, remains the highest value deal in the Asia-Pacific region thus far this year. That deal has helped a couple of Indian firms feature at the top of the league tables.

Deal Value

One of the firms involved in that deal, AZB, is in a close second place in the deal value tables, with 32 deals at $16.6 billion. S&R Associates, who acted for Vodafone, is third with 6 deals at $13.2 billion, followed by Vaish Associates – who appeared for the other side – with 3 deals at $12.9 billion.

The other two firms on the deal – Slaughter & May and Bharucha & Partners – are in fifth and sixth places, with 2 deals at $12.8 billion and 1 deal at $12.7 billion respectively.

The rest are far behind; Trilegal is in seventh with 16 deals at $2.8 billion, followed by Cyril Amarchand with 26 deals at $2.7 billion and Nishith Desai Associates with 8 deals at $1.9 billion. Desai & Diwanji and PDS Legal are the other Indian firms in the top 15.

The foreign firms include Drinker Biddle & Reath, Mayer Brown, Morrison & Foerster and Davis Polk & Wardwell.

RankFirmDeal Value ($ billion)Deal Count
1Shardul Amarchand Mangaldas16.716
2AZB & Partners16.632
3S&R Associates13.26
4Vaish Associates12.93
5Slaughter & May12.82
6Bharucha & Partners12.71
7Trilegal2.816
8Cyril Amarchand Mangaldas2.726
9Nishith Desai Associates1.98
10Drinker Biddle & Reath1.411
10Mayer Brown1.411
12Morrison & Foerster1.41
13Desai & Diwanji1.39
14PDS Legal1.086
15Davis Polk & Wardwell1.062

Deal Count

Cyril Amarchand has the second most deals after AZB, with 26. Khaitan & Co has 19 deals, followed by Shardul Amarchand and Trilegal with 16 each. JSA, DSK Legal, Desai & Diwanji, Nishith Desai Associates and HSA Advocates complete the top ten.

The other Indian firms with most deals include S&R, PDS Legal, Luthra & Luthra and Bathiya Legal.

RankFirmDeal Value ($ billion)Deal Count
1AZB & Partners16.632
2Cyril Amarchand Mangaldas2.726
3Khaitan & Co.0.819
4Shardul Amarchand Mangaldas16.716
5Trilegal2.816
6JSA0.614
7DSK Legal0.510
8Desai & Diwanji1.39
9Nishith Desai Associates1.98
10HSA Advocates0.47
11S&R Associates13.26
12PDS Legal1.086
13Luthra & Luthra0.46
14Goodwin Procter0.24
14Bathiya Legal0.044

International impact of Indian firms

The five Indian firms involved in the Vodafone-Idea deal find their way into the Asia-Pacific (ex. Japan) league table by value. AZB & Cyril Amarchand featured in the deal count table.

Private Equity Tables

Shardul Amarchand featured in the Asia-Pacific (buyouts+exits) Private Equity league table by deal value, with 4 deals at $1.8 billion. AZB, Khaitan, Cyril Amarchand and Trilegal all featured in the deal count table.

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