• Posted on: 1 April 2016
  • By: admin

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. 


IT & ITES companies accounted for 34%  of the value ($1,222 million across 82 deals) during Q1'16, followed by BFSI (Banking, Financial Services and Insurance) companies (26%- $955 million across 12 deals), Healthcare & Lifesciences companies (which attracted a total of $342 million across nine transactions) accounted for 9% of the investment.

Late Stage companies like Bangalore Airport, Snapdeal and Janalakshmi Financial attracted 23 investments and accounted for 37% in terms of value, Buyouts accounted for 24% of the PE investments (across 9 transactions) during Q1'16. Listed company investments led by Max Financial Services (INR 950 crore / $140 million from KKR) followed by retailer Future Consumer Enterprise (about $45 million or INR 302 Cr from Black River). accounted for 7% in value terms.

Deals