This Article is written by Abhishek Dubey, a second-year BBA.LLB student from Chanderprabhu Jain College of Higher Studies and School of Law. This article discusses the details about the Top Law Firms of India in Merger and Acquisition, their structure, composition, as well as their awards and achievements in merger and acquisition.
Introduction
India is one of the growing markets for mergers and acquisitions. The challenges and opportunities of mergers and acquisitions in India have brought a great change in the skills of the lawyer. The increase in competition and legal fees has encouraged new law firms to enter the market. In India, Mergers and Acquisitions have always been dealt with by top law firms; but recently certain changes have been observed in the legal market by the emergence of Platinum Partners and S&R associates. These mid-sized law firms are doing great in mergers and acquisitions. Platinum Partners is a law firm consisting of 50 lawyers and they have given advice in the deal in which UPL corporation acquired Arysta life science which amounts to 4.8 billion dollars. According to a research conducted by the Indian Business Law review, AZB and Partners were ranked second in merger and acquisition in 2018. It advised 99 deals with a value of 48 million USD. In 2019 it has advised more than 100 deals and has a high volume of work relating to merger and acquisition. This was based on research conducted by Indian Business Law Review 2019. They uploaded a form on their website and the rank was decided on the basis of the votes received.
AZB and Partners
About
AZB and Partners were founded in the year 2004 with an objective to provide full-time practical services to clients in all sectors. It consists of more than 400 lawyers and has more than 100 partners with 6 branches across India; two situated in Mumbai and Delhi along with one in Bangalore and Pune, each. The practice areas of AZB and Partners are mergers and acquisitions, insurance, real estate, banking, and finance, etc. They have been recognized as a country leader in the volume of work they undertake. Some of the key clients of AZB and Partners include the Tata group, HDFC, Bharti Airtel, Reliance, various investment banks, and more than 100 multinational companies.
Awards
- Ranked as a Tier 1 law firm for the practice in banking, capital markets, merger and acquisition, insolvency, private equity, and restructuring, by International Financial Law Review 2020.
- Outstanding for the following practice areas such as banking and finance, capital markets, corporate merger and acquisition, private equity according to “Asian law Profile” in the year 2020.
- Awarded as merger and acquisition law firm of the year in India by the “Corporate Intl Global Awards Winner” 2020.
- Ranked as a Tier 1 firm for merger and acquisition by “Asian Legal Business”.
- Ranked as a Band 1 Firm for corporate merger and acquisition, private equity, real estate by “Chamber Asia Pacific”.
TOP advises by AZB and Partners
- They advised Sterlite to acquire a 12.8 percent stake in 5G Virtual Radio Access Innovator.
- They advised Amazon’s acquisition of a 0.51 percent stake in Queues Corp and it was approved by the Competition Commission of India.
- They advised Verena to acquire a 40 percent Stake in Dixcy crop and it was approved by the Competition Commission of India.
- They advised in Tata steel acquisition of Nat steel. The deal size was $468 million.
- They advised the mergers of 6 small banks with the State Bank Of India for a deal value of US $ 120 million.
Cyril Amarchand and Mangladas
About
Cyril Amarchand and Mangladas is a full-service Indian law firm. It came into existence on 11th May 2015 from its predecessor Amarchand and Mangaldas Suresh and shroff. It has its headquarters in Mumbai. The firm is located across India at 6 different places i.e., in Mumbai, Hyderabad, Banglore, Chennai, Delhi, Ahmedabad. It has more than 700 lawyers and more than 130 partners. The practice areas of Cyril Amarchand and Mangaldas include merger and acquisition, financing, capital markets, litigation and dispute resolution, etc. Some of the key clients of Cyril Amarchand and Mangaldas include the BlackRock group, Tatas capital, ICCI, Kotak Mahindra, Axis Bank, etc.
Awards and Achievements
- Awarded as India law firm of the year 2019 by Business Worlds Global Legal.
- Awarded as the best law firm for women in India by Legal Media Group Euromoney Business Law Awards.
- Won 10 awards by “Indian Business Law Journal” Indian Law Firm in the year 2019 in fields of merger and acquisition, banking and finance, capital market, etc”.
- Awarded merger and acquisition deal of the year by “Asian Law Business India law awards” for the deal of Walmart’s acquisition of Flipkart.
Top Advice
- They advised Standard life for the acquisition of a 95 percent stake in HDFC Life Insurance Company.
- They advised Walmart’s acquisition of Flipkart.
- They advised Aion Capital partners and Jsw steel for the acquisition of Monnet Ispat.
- Acquisition by for Essar steel acquisition by ArcelorMittal.
Khaitan and Co.
About
Khaitan and Co. is one of India’s oldest law firms established in the year 1911, founded by Devi Prasad Khaitan. It consists of more than 500 lawyers and 115 partners. It has its four branches across in Delhi, Bengaluru, Mumbai, and Kolkata. The key practice areas of Khaitan and Co are banking and finance, merger and acquisition, antitrust, dispute resolution, etc. Some of the key clients of Khaitan and Co are Harley Davidson India, LN Bangur Group, I Gate, Nippon Life, Blackstone, Vedanta resources, etc.
Awards and Achievement
- Awarded as a top tier firm by the “International Financial Law Review” in 2020 for Merger and Acquisition, capital markets, restructuring, and insolvency.
- Ranked as a Tier 1 Law Firm by the Asian Legal Business.
- Largest merger and acquisition law firm of the year by IDEX Legal Awards 2019.
Top Advice by Khaitan and company
- They advised in the buy out the stake of Crompton greaves electricals for 0.81 percent in Advent International and Temasek. The deal size was 315 million dollars.
- They advise in the acquisition of free charge by the snap deal, the deal size was for 400 million dollars.
Platinum Partner
About
Platinum Partner is an Indian Corporate law firm. It was established in the year 2008. It has its branches in Delhi, Bangalore, and Mumbai. Its headquarters are in Delhi and Mumbai. The firm specializes in merger and acquisition, infrastructure and securities law, employment law, etc. They advise many domestic and international clients. The reputation of partners of the Platinum law firm is excellent and they have more than 30 years of experience working in International Law Firm and Multinational companies. The major practice areas of Platinum Partners are merger and acquisition.
Awards and Achievement
- Band 2 in corporate and merger & acquisition by Chambers and Partners.
- Band 2 in corporate and commercial by chamber practice.
- Karam Daulat Singh and Ankit Majumdar recognized as band 1 lawyer in general corporate and mergers and acquisitions.
- Gautam Bhatt recognized as the rising star by RSG consultancy.
Top Advice by Platinum Partners
- Danone’s acquisition of the Wockhardt group, a nutritional business, the deal size was 250 million dollars.
- They advised Diageo on its acquisition of United Spirit Limited.
- Acquisition of Arysta life science by UPLl Corporation for a deal value of 4.2 billion dollars.
S&R Associates
About
S&R Associates is a very successful law firm, founded in the year 2005. It practices most of its work on an international level whose work includes 20 percent of work on a domestic level and 80 percent on an international level. The lawyers of S&R associates have experience of practicing in India as well as other jurisdictions such as the United Kingdom, the United States of America, Singapore, etc. It consists of 7 partners and 38 associates; 3 of the partners are women and 4 are men. It has practice areas in merger and acquisition, litigation and arbitration, capital markets, private equity, competition, etc.
Awards and Achievement
- Ranked 2 in private equity rights and offering by Bloomberg Indian Capital Markets.
- Ranked 5 for announced deals in terms of volume by Bloomberg Indian Capital Markets.
- Ranked 6th by the Market merger and acquisition report 2019.
- Sanjeev Adlaka lawyer of merger and acquisition is recognized as the most mature and sensible lawyer by Chamber Asia Pacific 2020.
- Rajat Sethi was recognized as a high quality and good knowledgeable lawyer by Chamber Asia Pacific 2020.
Top Advice by S&R associates
- It has advised on merger and acquisition transactions for the deal value of 400 million dollars.
- They advised the Qatar Foundation to acquire a 5 percent stake in Bharti Airtel Telecom.
- They advised Dana’s group to have a joint venture in India with Rayant Group.
Shradul Amarchand and Mangladas
About
Shradul Amarchand and Manglads is one of the largest law firms in India. It is a full-service law firm in India. The firm came into existence from its predecessor Shradul and Shroff Amarchand and Mangladas on 11 May 2015. It consists of 119 partners and 550 lawyers having its headquarters in New Delhi and Mumbai. The firm has 7 branches across India in New Delhi, Mumbai, Gurugram, Kolkata, Chennai, and Bengaluru. The firm practice areas include general corporate, banking and finance, competition law, etc. the key clients of Shradul Amarchand and Mangladas are Microsoft, State Bank of India, standard chartered bank, Vodafone, Facebook, etc.
Awards and Achievements
- Won legal expertise award by the Asia Pacific awards 2019.
- Ranked 1 in deal count and deal value in the merger market by India league tables.
- Awarded India law firm of the year by Asian law business.
- Awarded 3 times the country’s law firm of the year 3 times.
- The best law firm of the year for 9 years by business law journal.
- Band 1 practice in merger and acquisition by Asia pacific.
- Tier 1 law firm in merger and acquisition by Asian Legal Business.
Top Advice by Shradul Amarchand and Mangladas
- They advised the Life Insurance Company to take Industrial Development Bank via open offer for a deal value of 4.4 dollar billion.
- They advised the merger of Gruh Bandhan finance bank with Argus for a deal value of 3 billion dollars.
- They advised the Merger of Baroda, Vijaya and Dena bank the deal which amounted to 1.37 billion dollars.
7. Trilegal
Trilegal is an Indian based law firm founded in the year 2000. It consists of 300 lawyers and 50 partners. It is located at four places across India in Bangalore, Mumbai, New Delhi, and Gurgaon. The practice areas of tri legal include corporate, merger and acquisition, capital markets, etc. The lawyers are focused on providing commercial solutions to legal problems. The key clients of Trillegal include tata power, standard chartered and Mumbai international airport.
Awards
- Ranked 7th in top 10 law firms by RSG Report in merger and acquisition and competition law.
- Ranked as tier 1 law firm by Asian law business.
- Harsh Pais and Nisha Kaur and Neeraj Menon recognized as growing leaders of the year 2019 by RSG report.
- International financial law review awarded as top 10 law firms of India in Merger and acquisition, capital markets, banking, and finance, etc.
Top advice by Trilegal
- They advised the Sriram group for the indirect acquisition of Sanlam Ltd for paid-up equity share capital.
- They advised Telenor for a joint venture with Dwellings for investment in communication services private limited.
- They advised standard chartered for acquisition for Morgan Stanley’s wealth non-institutional wealth business of India.
- They advised Rewa electrical company for the sale of a 52 percent stake to Mahindra and Mahindra.
- They advised Godrej ltd. for sale of its sake to Hersere company.
- They advised Exide Industries Ltd. on the acquisition of stake ING Vysya Life Insurance Company Ltd.
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