Law Firm League Tables

Financial Year (March-end)

AZB & Partners

Offices
Mumbai, Delhi, Bangalore, Pune, Gurgaon

Total
Partners

Female Partners

Total
Fee-earners

Partner to Fee-earner Leverage Ratio

106394303.1
(headcounts dated 01 April 2019)

M&A + PE/VC table 2020-21

Deal
Count

Deal
Values
($m)

$1bn+
count

$200m+
count

$50m+
count

$10m+
count

<$10m
count

Unknown
values

Foreign
deals

4625,864612753135

#

Deal

Client

Lawyers
(show associates)

Other
firms

Deal
Value
($m)

Date

Sub category

India leg of USSerent Cap investment in accountancy software BQE
(Foreign deal: US)
Serent CapitalVaidhyanadhan Iyer, Jitender Tanikella, Jeet Chaudhuri,Mar 2021
Ares SSG $380m restructuring buy Altico CapitalVarde PartnersJ Sagar Associates (JSA)
Talwar Thakore & Associates
Shardul Amarchand Mangaldas
Cyril Amarchand Mangaldas
380Mar 2021insolvency
Tiger fintech platform Growws $83m Series D unicorn fundingTiger GlobalAshwath Rau, Srinath Dasari, Bhuvana Veeraragavan, Karishma Dugar,83Mar 2021
Nykaas buy of line jewellery brand Pippa BellaNykaa FashionRoxanne Anderson, Saloni Bhandari, Rashmee Kumar, Rina Goyal,Mar 2021
CDC $70m buy of 30% in Ayana RenewablesCDC GroupRoxanne Anderson,70Mar 2021
$18.8m Mawana Sugars sale to Bodal ChemicalsMawana SugarsDaksh Trivedi, Ankit Tandon,19Feb 2021
TT&A India leg of Capita sale to Montagu PE
(Foreign deal: UK)
MontaguEquityAshwath Rau, John Adwet Raghav, Abhipsita Kundu,Talwar Thakore & Associates
Linklaters
Kirkland & Ellis
Feb 2021
Swedens Stillfront, Tiger Swedish buy of Bgl gaming studio Moonfrog $90mTiger GlobalAshwath Rau, Nanditha Gopal, Aditya Singh Chandel, Gautam Rego,Trilegal
Shardul Amarchand Mangaldas
DLA Piper
90Feb 2021
Accenture India leg of California Imaginea cloud engineering playerAccentureVaidhyanadhan Iyer, Shreya Rao, Sneha Nagvekar, Malaveeka Chakravarthy,Jan 2021
Infy co founder Raghavans Indegene $200m healthtech sale to Carlyle, BrightonNadathurSai Krishna Bharathan, Vivek Bajaj, Samyuktha Santhosh,Shardul Amarchand Mangaldas
Tatva Legal
200Jan 2021
Do record $4.68bn Dewan takeover bid byDewan Housing Finance
administrator
Bahram Vakil, Nilang Desai, Suharsh Sinha, Anindita Roy Chowdhury, Nanditha Gopal, Vivek Shetty, Saloni Thakker, Amrita Sinha, Vatsala Rai,Trilegal
Piramal Capital & Housing Finance
4,680Jan 2021insolvency
Ecom Express $11m buy of Bangladeshs Paperfly logisticsEcom ExpressNandita Govind, Anisha Shridhar, Shreya Basu,11Jan 2021
Sterlite $34.5m buy of Italys OptotecSterlite TechnologiesAnand Shah, Vishal Achanta, Siddharth Paranjpe,35Jan 2021
India leg of Velocity by USNavisite
(Foreign deal: US)
NavisiteAshwath Rau, John Adwet Raghav, Abhipsita Kundu,Jan 2021
Unicorn Pine Labs $100m fundraise KCoSequoiaDushyant Bagga, Swati Chauhan,Phoenix Legal
Cyril Amarchand Mangaldas
Goodwin Procter
Nishith Desai Associates
Khaitan & Co
100Dec 2020
Germanys Senvion insolvency sale of India wind turbine bizGlobal Renewable Energy DevelopmentCyril Amarchand Mangaldas
DLA Piper
Dec 2020
Retains Zomato in $660m round investors foreignsFidelity
Tiger Global
Vipul Jain, Ashwath Rau, Jasmin Karkhanis, Tanya Pahwa, Saras Muzumdar, Rina Goyal, Rashmee Kumar,IndusLaw
L&L Partners
Shardul Amarchand Mangaldas
Khaitan & Co
Sidley Austin
Gunderson Dettmer
660Dec 2020
$2.1m Delta Pleasure Cruise buy of Waterways ShipyardDelta Pleasure Cruise Company
Delta Corp
Ashwath Rau, Kashish Bhatia, Armaan Patkar, Amitabh Robin Singh,2Oct 2020
Raise $6m Treebo Hotels from existing investorsWard FerryVasudha Asher, Smita Tejaswee,Rajaram Legal
S&R Associates
Nishith Desai Associates
6Oct 2020
NVIDIA India leg of global mega takeover of chipmaker Arm
(Foreign deal: US)
NVIDIA CorporationAshwath Rau, Nilanjana Singh, Veena Gopalakrishnan, Bharat Budholia, Aishwarya Gopalakrishnan,Sep 2020
Greenkos $980m mega investment from Japans Orix 3 foreignsOrix CorporationTrilegal
Cyril Amarchand Mangaldas
King & Spalding
Linklaters
Proskauer
980Sep 2020
$160m Series J: Zomato, Tiger, MacRitchieTiger Global ManagementAshwath Rau, Jasmin Karkhanis, Bharat Budholia, Rina Goyal, Rashmee Kumar, Aishwarya Gopalakrishnan,IndusLaw
Shardul Amarchand Mangaldas
Gunderson Dettmer
160Sep 2020
$37m Amazon, Samara investment in More supermarkets chain (Aug ‘20)AmazonHardeep Sachdeva, Ravi Bhasin, Gautam Kumar Bhargava,37Aug 2020
$68m IDBI Fed Life sale of 23% to AgeasAgeas InsuranceRajendra Barot, Arvind Ramesh, Rishikesh Desai,Shardul Amarchand Mangaldas
L&L Partners
68Aug 2020
PAG invest conglomerate in buy of Chennais Anjan DrugPAG Asia CapitalAshwath Rau, Atreya Bhattacharya, Raina Upadhyay,Desai & Diwanji
Quillon Partners
Aug 2020
S $4.5bn Google Jio Big G to write 10bn cheque to IndiaJioAshwath Rau, Nilanjana Singh, Bharat Budholia, Sidhant Chandalia, Amitabh Robin Singh, Kanika, Mishra, Vyjayanthi Raghu, Chitrangda Singh, Gaurav Bansal, Ravi Gangal,J Sagar Associates (JSA)
Freshfields Bruckhaus Deringer
Davis Polk & Wardwell
4,500Jul 2020
2nd chipmaker, Qualcomm, $100m Jio round (etc)JioAshwath Rau, Nilanjana Singh, Bharat Budholia,Trilegal
Davis Polk & Wardwell
100Jul 2020
S a Jio : Intel Cap $253.8m Jio Platforms stake (natch)Jio PlatformsAshwath Rau, Nilanjana Singh, Bharat Budholia,Trilegal
Paul Hastings
Davis Polk & Wardwell
254Jul 2020
Premji Invest takeover of Barodas Best Value ChemPremji InvestSrinath Dasari, Nanditha Gopal, Malaveeka Chakravarthy,Pioneer LegalJun 2020
Carlyle win race $490m 20% stake in s PiramalCarlyleSayak Maity, Sneha Nagvekar,Cyril Amarchand Mangaldas490Jun 2020
Indias Miranda Tools sale to Dormer Pramet-Miranda ToolsAnand Shah, Shriram Shah, Siddharth Paranjpe,Khaitan & CoJun 2020
$750m Jio cheque from Abu Dhabi Investment AuthorityReliance Industries
Jio
Ashwath Rau, Nilanjana Singh, Bharat Budholia, Gaurav Bansal,Shardul Amarchand Mangaldas750Jun 2020
Rare non Jio investment in $1.2bn Abu Dhabi Mubadala round s, DPReliance Industries
Jio
Ashwath Rau, Nilanjana Singh, Bharat Budholia, Gaurav Bansal,Nishith Desai Associates
Skadden Arps Slate Meagher & Flom
Davis Polk & Wardwell
1,200Jun 2020
Jio Round 4, General Atlantic, $870m goes to... (its not possible to spoiler the rest)Reliance Industries
Jio
Ashwath Rau, Nilanjana Singh, Bharat Budholia, Sidhant Chandalia, Amitabh Robin Singh, Kanika Mishra, Vyjayanthi Raghu, Gaurav Bansal,Shardul Amarchand Mangaldas
Paul Weiss
Davis Polk & Wardwell
870May 2020
S joins gravytrain in $1.5bn KKR want buy into JioReliance Industries
Jio
Ashwath Rau, Nilanjana Singh, Bharat Budholia, Gaurav Bansal,Shardul Amarchand Mangaldas
Simpson Thacher Bartlett
Davis Polk & Wardwell
1,500May 2020
$42m Fullerton/Temasek Series D investment in LendinkartFullerton Financial
Temasek
Ashwath Rau, Anu Tiwari, Rachana Rautray,42May 2020
Accenture buy of Ahmedabad big data tech player Byte ProphecyAccentureSrinath Dasari,May 2020
S animal healthcare player SeQuent bought by s Carlyle $209mCarlyleZia Mody, Darshika Kothari, Sayak Maity, Sneha Nagvekar, Pankhuri Govil,Nishith Desai Associates
White & Case
209May 2020
Triple tap K&E: Jio raises another cool $1.5bn from Vista EquityReliance Industries
Jio
Ashwath Rau, Nilanjana Singh, Bharat Budholia, Sidhant Chandalia, Amitabh Robin Singh, Kanika Mishra, Vyjayanthi Raghu, Gaurav Bansal,Shardul Amarchand Mangaldas
Kirkland & Ellis
1,500May 2020
Post Facebook, score 2nd bonanza in Jio goldmine via $747m Silver Lake investment sReliance IndustriesAshwath Rau, Nilanjana Singh, Bharat Budholia, Sidhant Chandalia, Amitabh Robin Singh, Kanika Mishra, Vyjayanthi Raghu, Gaurav Bansal,Shardul Amarchand Mangaldas
Latham & Watkins
747May 2020
Ceridians buy of Singapore based Excelity Global (May ‘20)
(Foreign deal: Singapore)
CeridianVaidhyanadhan Iyer, Nandan Pendsey, Prerak Ved, Soumit Nikhra, Anshuman Bharadwaj, Apeksha Mattoo, Devika Nayak,May 2020
Shapoorji Pallonji $204m sale of five solar assets to KKRKKRAshwath Rau, Atreya Bhattarcharya,Khaitan & Co204Apr 2020
Axis Bank buy another 29% in Max Life $210mMax Life Insurance Company
Max Financial Services
Cyril Amarchand Mangaldas210Apr 2020
Facebooks mega record setting $5.7bn Jio investment HogLov, DP 3Reliance IndustriesAshwath Rau, Nilanjana Singh, Bharat Budholia, Sidhant Chandalia, Amitabh Robin Singh, Kanika Mishra, Vyjayanthi Raghu, Gaurav Bansal,Shardul Amarchand Mangaldas
Hogan Lovells
Davis Polk & Wardwell
Gibson Dunn
White & Case
Fenwick & West
5,700Apr 2020
KKR buy Mr BK Modi out of Max HealthcareKKR
Max Healthcare
PDS Legal
S&R Associates
Apr 2020
Shut in proof: raise $8m Series A line gaming biz Zuphee from Matrix, othersCashgrail
Zupee
Daksh Trivedi, Harsh Kabra,Rajaram Legal8Apr 2020