Private equity (PE) investments in India stood at $6,141 million in value terms in the first six months this year, while the number of deals rose by 33 per cent to 195.
According to data compiled by Chennai-based Venture Intelligence, the rise in the value of the deals so far this year was 52 per cent, compared with the $4,036 million raised in the year-ago period. Major investments so far this year include the $828-million investment by GIC and Bain Capital investment in Hero Investments in March,
The $375-million investment by iGate in Apax Partners in January and the $500-million investment by Apollo Management in Welspun Group in June.
Other major deals were Morgan Stanley's $200-million investment in Isolux Corsan India and the investment of $200 million by a consortium of investors that included Goldman Sachs, Ashmore, Baer Capital and Everstone, in Indostar Capital Finance.
Investors recovering from the global financial crisis was a major cause of the rise in investments, said Amit Chander, partner and head (healthcare, pharma and education), Baring Private Equity Partners India.
The market for initial public offerings was unattractive in the last six months. So, companies have started looking at PE investments, Chander said. Sectors catering to the domestic market seem more attractive compared to exports markets, he said.