M&A space in India is quite complex - while I am not an expert here are some views.
Efficiency of M&A market: The efficiency of the M&A system in India can be difficult to judge. We’ll need to look at regulations, market conditions, and the complexity of deals. Apart from that we’ll need to analyze deal volume and value over time, speed of deal execution, transaction costs, access to financing etc. But generally speaking in this space, there is more to do in terms of efficiency of course.
Bank Fees: Investment Banks and Big 4s and other firms involved in M&A transactions typically charge 2-5% based on the deals. The fees can vary based on the size and complexity of the deal, as well as the services provided. Since there are quite a few IBs in the market today, dont think there can be excessive fees being charged.
Matching Buyers and Sellers: Here again, professional intermediaries such as investment banks and advisory firms (Big 4s) play a key role in facilitating these matches.
Deal Completion Time: The time taken to complete an M&A deal in India can vary widely depending on the complexity of the transaction, regulatory approvals required, and the negotiation process. Some deals can be completed relatively quickly, while others may take several months or even longer to finalize.
Depends on the differentiation you will bring to the table. There are obviously tons of IBs and firms looking to work on M&A, but if you have a pain point narrowed down that can be solved for, there could be an opportunity.