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Private equity firms in India invested $1.8 billion in 91 deals in the March quarter of 2012, according to the PwC MoneyTree India report.
The company in a release said that while quarterly PE investments decreased 24 per cent in terms of volume, the value jumped 57 per cent compared to the December quarter of 2011 when $1.1 billion was invested in 120 deals.
Mr Sanjeev Krishan, Leader-Private Equity, PwC India, said: “PE investors continue to be enthusiastic about supporting India’s future growth; however, there is no doubt that it has slowed this quarter, which is not hugely surprising given the challenges posed by an uncertain global environment, muddled governance and lack of definitive policymaking.”
IT and ITeS sector garnered the largest number of PE deals in the quarter, with 35 deals totalling $263 million. This represents a 13 per cent growth in value, but an 8 per cent decline in the volume of deals compared to the December 2011 quarter.
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