Business Daily from THE HINDU group of publications
Tuesday, Dec 11, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Dec 11, 2007 ePaper | Mobile/PDA Version |
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Industry & Economy
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Venture Capital Private equity deals cross $15-b mark in Jan-Nov Our Bureau New Delhi, Dec. 10 There seems to be no let up in private equity (PE) investments into India, with the announced value of total deals crossing the $15-billion mark during the first 11 months of this year. The total number of PE deals during the period stood at 374, with an announced value of $15.92 billion, according to advisory firm Grant Thornton’s latest ‘Dealtracker’. This is nearly double the $8-billion in PE investments announced during 2006. Led by big-ticket deals, including ICICI Venture Funds’ $800 million investment in Jaypee Infratech and Merrill Lynch’s $377 million investment in seven residential projects of DLF Ltd, the total number of PE deals announced during November stood at 38 deals, with a value of $2.30 billion. A total of 43 deals amounting to $1.81 billion were announced in October. M&A dealsAccording to the data, the total number of merger and acquisition (M&A) deals during the first 11 months of this year 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 against 51 deals amounting to $0.61 billion in October. The major deals were DLF Ltd’s acquisition of Aman Resorts, Plethico Pharmaceutical’s acquisition of Natrol and Bajaj Auto Ltd’s 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. ‘Private equity investments to touch $13.5 b in 2007’ $700 m venture capital investment Global PE investors to increase exposure to Indian market ‘Venture capital, PE deals to touch Rs 70,000 cr by 2009’ More Stories on : Venture Capital
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