Private Equity firms have invested about $3,620 million in 144 deals during the Quarter ended March 2016, according to reasearch from Venture Intelligence. This is 24% higher than on YoY ($2,922 million ain 191 transactions) and 9% higher than the previous quarter ($3,326 million across 152 transactions).
There were 12 PE investments of $100 million or more during Q1'16 compared to 7 in the same period last year and 10 during the previous quarter.
The largest investment during Q1'16 with $350 million (INR 2,345 Cr) was buyout of the commercial lending business of GE Capital in India by Aion Capital Partners in association with former GE Capital executives Pramod Bhasin and Anil Chawla.This was followed by Fairfax's $321 million (INR 2,149 Cr) acquisition of the 33% stake held by the GVK Group in Bangalore International Airport. Ontario Teachers Pension Plan's $200 million (INR 1,368 Cr) funding in Snapdeal.com.
The next three largest transactions also focusing e-commerce segment:- $150 million for e-grocer BigBasket.com and Billdesk each and a $145 million investment in auto classifieds firm CarTrade.