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Private equity (PE) firms have invested about $2,646 million spread across 124 deals during the quarter ended March 2015, clocking a growth of 20 per cent over the corresponding period last year.
According to Venture Intelligence data, the investment in the said quarter registered a year-on-year jump, but declined on a quarter-on-quarter basis.
Venture Intelligence is a research service focused on private company financials, transactions and their valuations.
The figure is 20 per cent higher than the same period last year when $2,212 million was invested across 132 transactions, but 36 per cent lower than the immediate previous quarter, which saw $4,120 million pumped in through 112 deals.
There were six PE investments worth $100 million or more during the first quarter of 2015 compared to four in the year-ago period.
The largest investment was IFC’s $260-million commitment to microfinancier-turned-bank licence holder Bandhan Financial Services.
Another microfinance firm, Ujjivan Financial Services, saw $100 million investment from a clutch of investors, including CDC Group, IFC and CX Partners.
Two large hospital operators — Manipal Health Enterprises and Medanta Medicity — attracted over $100 million.
While Manipal Health pouched Rs 900 crore from TPG Capital, Medanta attracted Rs 700 crore from Temasek (via a secondary purchase from Punj Lloyd).
The largest e-commerce deal reported in the first quarter of this year was $100 million raised by ShopClues.com in the fourth round led by Tiger Global, a key investor in rival Flipkart.
A sector-wise analysis shows that the IT & ITeS companies accounted for 32 per cent of the value pie — cobbling up $836 million across 71 deals — during the March quarter.
BFSI (banking, financial services and insurance) firms came in close at 31 per cent, attracting $816 million spread over 12 deals.
They were followed by healthcare and life-sciences firms with $392 million across nine transactions and energy companies with $207 million across six deals.
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