Confirming the overall economic slowdown, election uncertainty and stressed global business environment, Private Equity (PE) firms have invested about $1.3 billion across 75 deals during the quarter ended September 2013, lower by 67% over the corresponding period last year. These firms had invested $3,910 million across 126 transactions in the same period last year. However, alarmingly, PE investments last quarter were lower even on a quarter-on-quarter basis, since the investment were down more than half from the $2,661 million investments across 109 transactions seen in the June quarter. The cumulative investments during the nine months ended September were also lower by 38% at $5,059 million across 281 deals as against $8,152 million across 373 transactions in the corresponding period of 2012.
Further, only two PE investments worth over $100 million were made during the third quarter of 2013 compared to five such transactions in the same period last year and eight during the immediate previous quarter. Baring Private Equity Asia's Rs 1,687 crore ($260 million) buyout of 41.8% stake in publicly listed IT Services firm Technologies was the top PE deal of the Q3 2013. While, the second top deal reported during Q3 2013 was e-tailer Flipkart’s raising of an additional $200 million from existing investors including Tiger Global, Accel India, Iconiq Capital and South Africa-based strategic investor Naspers.
IT & ITES companies grabbed almost 45% of the PE investments (by value) in the Q3FY14, while the manufacturing ($185 million across nine investments) and healthcare and life sciences ($140 million across 14 investments), emerged as the most favored industries for PE investments in Q3 2013 after IT companies.
Source:-berkeleygains
Further, only two PE investments worth over $100 million were made during the third quarter of 2013 compared to five such transactions in the same period last year and eight during the immediate previous quarter. Baring Private Equity Asia's Rs 1,687 crore ($260 million) buyout of 41.8% stake in publicly listed IT Services firm Technologies was the top PE deal of the Q3 2013. While, the second top deal reported during Q3 2013 was e-tailer Flipkart’s raising of an additional $200 million from existing investors including Tiger Global, Accel India, Iconiq Capital and South Africa-based strategic investor Naspers.
IT & ITES companies grabbed almost 45% of the PE investments (by value) in the Q3FY14, while the manufacturing ($185 million across nine investments) and healthcare and life sciences ($140 million across 14 investments), emerged as the most favored industries for PE investments in Q3 2013 after IT companies.
Source:-berkeleygains