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Private equity deals cross $15 Bn mark in Jan-Nov
By siliconindia
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Wednesday, 12 December 2007, 18:13 IST
New Delhi: The private equity investment into India crossed the $15 Bn mark during the year 2007 (Jan-Nov) and shows there has been no reduction in the rate of investments.
According to advisory firm Grant Thornton's latest 'Dealtracker', the total number of PE deals during this period stood at 374, with an announced value of $15.92 billion. The PE investment during the year 2006 was only $8 billion.
The major PE investment in this period includes ICICI Venture Funds' $800 million investment in Jaypee Infratech and Merrill Lynch's $377 million investment in seven residential projects of DLF. A total of 43 deals amounting to $1.81 billion were announced in October and the same during the month of November was 38 deals, with a value of $2.30 billion respectively.
According to the data, the total number of merger and acquisition (M&A) deals during the first 11 months of 2007 was recorded at 638, with an announced value of $50.79 billion.
The total number of M&A deals announced in November stood at 58, with a total announced value of $0.94 billion where it was about 51 deals amounting to $0.61 billion in October 2007.
The major deals during this period were DLF acquisition of Aman Resorts, Plethico Pharmaceutical's acquisition of Natrol and Bajaj Auto acquisition of KTM Power Sports AG of Austria. There were 26 domestic deals, where both the acquirer and target were Indian, with an announced value of $0.11 billion and 32 cross-border deals with an announced value of $0.83 billion.