The private equity juggernaut, which has been scorching the global deal street, has come of age in India. For the first time, the value of PE deals in a single month has overtaken that of strategic merger & acquisitions. June reported $1.8 billion worth of PE deals in the country — the highest in a single month — overtaking strategic M&A deals at $1.72 billion.
As per the latest deal tracker by advisory firm Grant Thornton, there were 36 PE deals during June totalling $1.81 billion as against 24 deals worth $1.56 billion during May.
Says Grant Thornton partner-corporate advisory services CG Srividya, “One of the reasons for this is the increasing number of buyouts and PE interest in the real estate and infrastructure sectors. Our estimates show that close to $1 billion worth of PE money went to the real estate and infrastructure sectors in June alone.” Read More.
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