IDFC PE, Seedfund win APEX PE/VC Fund Awards

AZB & Partners, Ernst & Young top Venture Intelligence 2010 League Tables

Mumbai, India: IDFC Private Equity and Seedfund were adjudged the country’s leading Private Equity/Venture Capital firms for 2010 at the latest Venture Intelligence APEX Awards. Among corporate law firms, AZB & Partners topped the Venture Intelligence League Tables as the Most Active Legal Advisors (for both Private Equity and M&A transactions) in 2010, while Ernst & Young topped the League Tables as the Most Active Transaction Advisor (PE and M&A) for the year.

The awards were given away as part of Venture Intelligence APEX ‘11, the annual conclave of the Indian Private Equity & Venture Capital industry, by Mr. Gurcharan Das, Noted Author & Former CEO of P&G India. Fund accounting KPO firm Basiz was the co-host for the APEX’11 Awards function.

IDFC PE is receiving the APEX Awards for the second time, having earlier won the awards for 2006 and 2007 respectively. Accepting the “Best Private Equity Investor-2010” Award on behalf of IDFC PE, Satish Mandhana, Managing Partner, said “At the time we had received this award in early 2007, IDFC was unique in terms of being a specialized infrastructure sector investor. The latest award, which is in the general PE category, is very satisfying in that it not only recognises our positioning of being a PE player in infra sector but also validates that returns in this sector can compare quite favorably across the PE asset class.”

Receiving the “Best Early Stage Investor-2010” Award, Pravin Gandhi, Partner, Seedfund said, “We are very pleased to receive this award. The performance of our portfolio companies has amply validated our belief that small is not only beautiful, but also sustainable and scalable. With Seedfund1 having now grown into Seedfund2, we look forward to continue backing passionate entrepreneurs pursuing truly innovative business models.”

Started in 2007, the Venture Intelligence APEX Awards are the first awards of its kind for Private Equity & Venture Capital funds in India as well as related advisory firms. A key feature about the APEX Fund Awards is that the awardees are chosen by a Jury Panel consisting exclusively of Limited Partners (i.e., investors in PE/VC funds). The jury members for the APEX’11 Fund Awards included executives from Adams Street Partners, Asia Alternatives, Evolvence India Fund, Hermes GPE, IDFC Capital, Morgan Creek Capital, Pantheon Ventures, Religare Global Asset Management, Siguler Guff and Squadron Capital.

The Most Active Advisor Awards are awarded to the toppers of the Venture Intelligence League Tables for the corresponding year. The League Tables (http://www.ventureintelligence.in/league.htm) are based on the volume of PE and M&A transactions advised by the Transaction Advisory and Legal Advisory firms during the calendar year.

About Basiz

Basiz fund service is a fund accounting service provider that services Fund administrators, Custodians and Prime brokers, based out of Chennai, India. We specialize in various accounting standards and instrument structures. The primary focus is on servicing Hedge Funds, Mutual Funds, Private Equity Firms, Family Offices, Insurance Portfolios and Managed Accounts.

About Venture Intelligence

Venture Intelligence, a division of Chennai, India-based TSJ Media Pvt. Ltd., is the leading provider of data and analysis on Private Equity/Venture Capital and M&A deals in India. For more information, please visit http://www.ventureintelligence.in