Infuse $7.1b in just six months; clinch 460 investment deals
Betting high on India, private equity funds committed $7.1 billion in the first half of 2015, up 38 per cent year-on-year in 460 deals with IT, banking, and pharmaceuticals being the favourites, according to an Assocham study.
New Delhi: Betting high on India, private equity funds committed $7.1 billion in the first half of 2015, up 38 per cent year-on-year in 460 deals with IT, banking, and pharmaceuticals being the favourites, according to an Assocham study.
“The private equity inflows in H1 of 2015 point to the higher interest generated in terms of number of deals which have gone up by 62 per cent, year-on-year. In value terms, the deal sizes this year compare quite well against $5.11 billion in the same period of 2014 and $5.64 in the year before,” said Assocham.
However, the value of merger and acquisitions (M&As) during H1 this year fell to $15.8 billion in 277 deals, from $17.2 billion in 269 deals in the first half of 2014. The M&As had aggregated 255 for the corresponding period of 2013 worth $12 billion.
The top three sectors dominating the M&A scenario in the first half of 2015 were IT & ITeS (38 per cent); banking and financial services (14 per cent); and pharma, healthcare and biotech (11 per cent).
“While the M&A opportunities remain robust, especially when there are companies on the block with high level of leverage, enhanced interest by the private equity players certainly rem-ains a noteworthy point,” Assocham secretary general D.S. Rawat said.
The inbound M&As saw more interest in terms of value at $7.4 billion in the first half of 2015, against $4.8 billion in the same period of the previous year, reflecting more global interest in the Indian economy, said Assocham.
( Source : deccan chronicle )
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