NEW DELHI: Private equity investments in the country witnessed a stellar fourth quarter in 2014 with deals worth $4.35 billion, registering the best quarterly performance since the December quarter of 2007, says a report.

According to the PwC MoneyTree India report, a quarterly study of private equity investment activity, deals in the December quarter of 2014 totalled $4.35 billion in value terms across 107 such transactions.

Despite a 9% drop in the number of transactions compared with the previous quarter, the total deal value rose by 55% - the highest since December quarter of 2007, which saw investments worth $5.40 billion.

The investment value doubled, in comparison with the same period last year, with just a 4% increase in volume.

During October-December 2013 period, the total investment was $2.21 billion across 103 deals.

Sector-wise, the IT & IT-enabled services retained the top slot, attracting $2.56 billion through 59 deals, which is more than half of the total investments, driven largely by investments in the e-commerce sector.

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