PE investments fall 75% in 1 Year
The Financial Express, Corporates & Markets, May 13, 2009, Section I, Page 1
Mumbai: The downturn in the Indian private equity investment market still continues. For the month of April 2009, private equity investors invested $276 million in 16 deals compared to 31 deals announced with an investment of $1,050 million in April 2008. The total amount invested comes to $829 million in 60 deals in April 2009.
The average deal size decreased to $21 million in April 2009 as compared to $39 million in April 2008. About 88% of the number of private equity deals were in the unlisted companies in April 2009 as compared to 86% in 2008, according to the first PE investment report released for April by JM Financial.
Last month, telecom, media & entertainment and infrastructure sectors witnessed the highest activities in terms of deal values, accounting for 22%, 19% and 18% respectively of the total PE investments.
However, according to an earlier study by Venture Intelligence, the IT & ITeS industry registered 13 deals worth $95 million during Q1 2009, followed by manufacturing (with 4 deals worth $36 million) and BFSI (3 deals worth $53 million).
Top deals for the month include $52 million by 3i and Oman Investment Fund in Neo Sports Broadcasting Pvt Ltd; $50 million by IDFC Project Equity in SPVs of Ashoka Buildcon Ltd; $40 million by Axious Investments in Quippo Telecom Infrastructure Ltd and $30 million by Navis Capital in Edutech.
For the quarter ended March 31, 2009, PE firms’ investments fell 87% to $526 million across 36 deals. The corresponding period of last year had witnessed 133 deals totalling $3.9 billion and deals in first quarter of 2009 remains lower compared to the immediate previous quarter which had seen $1.2 billion investments.
About $11.5 billion was invested in 292 deals in 2008 as compared to $15.9 billion in 290 deals in 2007. Last year, real estate, telecom and financial services sectors witnessed the highest activities in terms of deal values accounting for 31%, 11% and 9% respectively of the total PE investments.
The Financial Express, Corporates & Markets, May 13, 2009, Section I, Page 1
Mumbai: The downturn in the Indian private equity investment market still continues. For the month of April 2009, private equity investors invested $276 million in 16 deals compared to 31 deals announced with an investment of $1,050 million in April 2008. The total amount invested comes to $829 million in 60 deals in April 2009.
The average deal size decreased to $21 million in April 2009 as compared to $39 million in April 2008. About 88% of the number of private equity deals were in the unlisted companies in April 2009 as compared to 86% in 2008, according to the first PE investment report released for April by JM Financial.
Last month, telecom, media & entertainment and infrastructure sectors witnessed the highest activities in terms of deal values, accounting for 22%, 19% and 18% respectively of the total PE investments.
However, according to an earlier study by Venture Intelligence, the IT & ITeS industry registered 13 deals worth $95 million during Q1 2009, followed by manufacturing (with 4 deals worth $36 million) and BFSI (3 deals worth $53 million).
Top deals for the month include $52 million by 3i and Oman Investment Fund in Neo Sports Broadcasting Pvt Ltd; $50 million by IDFC Project Equity in SPVs of Ashoka Buildcon Ltd; $40 million by Axious Investments in Quippo Telecom Infrastructure Ltd and $30 million by Navis Capital in Edutech.
For the quarter ended March 31, 2009, PE firms’ investments fell 87% to $526 million across 36 deals. The corresponding period of last year had witnessed 133 deals totalling $3.9 billion and deals in first quarter of 2009 remains lower compared to the immediate previous quarter which had seen $1.2 billion investments.
About $11.5 billion was invested in 292 deals in 2008 as compared to $15.9 billion in 290 deals in 2007. Last year, real estate, telecom and financial services sectors witnessed the highest activities in terms of deal values accounting for 31%, 11% and 9% respectively of the total PE investments.
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