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February sees PE deals worth $300 mn: E&Y

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Press Trust Of India New Delhi
Last Updated : Jan 20 2013 | 8:04 PM IST

Private equity deals worth $300 million were announced in February, with the financial sector accounting for over half of the total transaction value, according to global consultancy Ernst & Young.

“February 2011 recorded announced deals worth $300 million. This was a decline of 39 per cent from January 2011 and 38 per cent from February 2010,” as per E&Y data.

Out of the total deal value, the largest was that related to Ratnakar Bank, which was worth over $150 million. “Largest deal of the month — Ratnakar Bank raised fresh money from a number of PE investors including TVS Capital, Beacon India Private Equity Fund, Cartica Capital, Faering Capital and Norwest Venture Partners among others,” E&Y said.

Real estate sector accounted for about 15 per cent of the PE deals in February. However, experts felt that a trend cannot be inferred from just one month’s data on private equity investments.

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First Published: Mar 07 2011 | 1:25 AM IST

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