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

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 Count1Cyril Amarchand Mangaldas3,03652AZB & Partners1,609183De Brauw Blackstone Westbroek NV1,17913Paul Weiss Rifkind Wharton & Garrison1,17913Simpson Thacher & Bartlett1,17916JSA72057Hughes Hubbard & Reed46017Kirkland & Ellis46019Veritas Legal374310Khaitan & Co2821211White & Case268312Weil Gotshal & Manges200113Shearman & Sterling200314O’Melveny & Myers150115Shardul 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 Count1AZB & Partners1609182Khaitan & Co282123Cyril Amarchand Mangaldas303653JSA72055Shardul Amarchand Mangaldas8445Economic Laws Practice6647Veritas Legal37437White & Case26837Shearman & Sterling200310Jones Day66210Majmudar & Co14210Allen & Overy–210Trilegal–2.Recently, Cyril Amarchand also topped the Mergermarket league tables for 2016 Q1, while Khaitan had the highest number of deals.