INSUBCONTINENT EXCLUSIVE:
Mumbai: The private equity (PE)/ venture capital (VC) investments between January to November 2018 aggregates to $27 billion, surpassing the
high of $26.1 billion recorded in entire 2017.
November recorded $1.6 billion in PE/VC investments, 33 per cent lower compared to November
2017 and 49 per cent lower compared to the previous month.
"The decline was mainly on account of fewer large deals (greater than $100
million) with November 2018 recording only five large deals aggregating $950 million compared to nine large deals worth $1.8 billion in
November 2017 and six large deals worth $2.5 billion in October 2018," according to an EY report.
The largest deal during the month saw
Temasek buyout SP Infocity IT Park from CPPIB and Shapoorji Pallonji for $353 million.
The other large deals include GIC and TFL Pension
Funds $159 million investment in Kotak Mahindra Bank and India Resurgent Funds $156 million investment in Archean Chemical Industries.
Till
the end of November 2018, buyouts have recorded $7.4 billion in investments across 37 deals, which is more than the value of buyouts in the
previous two years combined ($3 billion in 2017 and $3.9 billion in 2016), it noted.
Start-up investments have also recorded a strong
rebound in 2018, with $4.1 billion investments made till the end of November, 17 per cent higher than the value recorded in entire
2017.
Till the end of November, PE/VC exits recorded $24.6 billion in value.
Exits in November 2018, at $394 million, recorded significant
decline compared to $2.7 billion recorded in the same month last year and $1.4 billion recorded in October 2018, mainly on account of fewer
large exits.
November 2018 witnessed $398 million in fund raises, compared to $675 million in the year-ago month.
