Bank of Mauritius has written to its Indian counterpart, explaining the mechanism by which investments are greenlighted via the country, and highlighted importance of Mauritius as an investment hub
A dozen ventures remain mostly shuttered
At $2.2 billion, large deals declined by over 70 per cent on a year-on-year basis in the same period
After a record-setting 2019, PE/VC investments in 2020 are off to a good start, said Vivek Soni
Amount beat the previous record of $8.1 bn raised in 2018
Infra investments drive growth; PE/VC account for 64% of FDI inflows
One of the active investors in the sector is International Finance Corporation, the World Bank's investment arm
Q2FY20 witnessed the large $16 billion Flipkart-Walmart deal. If this deal is excluded, exits during Q2FY20 were almost twice the value recorded in Q2FY18
Exits are at an all-time high of $26 billion, double the value recorded in 2017
There were 76 deals of a value greater than $100 mn in 2018, aggregating to $25.9 bn and accounting for 74% of total PE/VC investment
Gireesh BabuThe Private Equity/Venture Capital investments has hit a high of $27 billion during January to November, this year, compared to the year-end high of $26.1 billion posted during the year 2017, even as the month of November recorded $1.6 billion investments, 33 per cent lower compared to the same month last year and 49 per cent lower compared to October this year, according to EY's Private Equity Monthly Deal Tracker. The decline was mainly on account of fewer large deals of value greater than $100 million with November, this year, recording only five large deals aggregating $950 million compared to nine large deals worth $1.8 billion in November 2017 and six deals worth $2.5 billion in October 2018.Vivek Soni, partner and national leader - Private Equity Services, EY said, "Though November 2018 has been a relatively weaker month for PE/VC investments and exits, the momentum in India continues to be strong. As we had forecasted at the start of the year, 2018 has emerged as .
The Private Equity, Venture Capital investments during the quarter ended September has weakened compared to the same quarter of previous year. At $6.7 billion, quarterly PE/VC investments declined by 23 per cent on a Year-on-Year basis in the third quarter of the year compared to $8.7 million during the same period last year. This is also the most under-performing quarter in 2018 both in terms of investments and exits, according the EY India Private Equity Deal Tracker. The decline in investments was despite a 29 per cent increase in the number of deals to 178 over the 138 deals during the same period of last year. The decline in investments was mainly on account of fewer large deals (with value of more than $100 million) during the quarter ended September, 2018. During the quarter, 13 large deals were recorded aggregating $3.9 billion compared to 18 such deals in the same quarter last year aggregating to $7 billion. The second quarter of this calender year recorded 25 large deals ...
Last year saw 55 deals, each of which was valued over $100 million, aggregating to $19.1 billion and accounting for 72 per cent of the total value of investments in 2017
The reporting period saw as many as 36 large deals worth $ 11.5 billion, which were mostly buyouts, making such deals the highest ever at $ 4.9 billion
The largest investment in April 2018 saw Softbank invest USD 400 million for a 21 per cent stake in Paytm Mall.
The report showed that the first month of 2018 also recorded 26 exits worth $970 million
Here are some key findings of the report
The month of November has recorded the highest monthly value of PE/VC exits ever with 25 exits worth $2.7 billion. The month also witnessed investments worth $2.9 billion across 56 deals. Large value deals (over $100 million) are emerging as a highlight in 2017. According to EY's monthly PE deal tracker, November 2017 recorded the highest value of exits ever for any given month, 25 exits worth $2.7 billion) mainly due to one large open market exit that of Qatar Foundation Endowment selling five per cent stake in Bharti Airtel for $1.5 billion. There were two PE backed IPO in November 2017 which saw Kedaara selling 13.6 per cent stake in Mahindra Logistics for $65 million and Reliance Alternative Investment Fund selling 33 per cent stake in Khadim for $68 million.From a sector perspective, Telecom topped the charts in spite of one deal due to the $1.5 billion exit by Qatar Foundation Endowment. Telecom was followed by financial services with four exits worth $650 million.Vivek Soni, ..
Finding the right exit is a challenge for private equity (PE) and venture capital (VC) funds but 2017 has been easier on this count. The January to October period saw a 51 per cent jump compared to the whole of last year (Jan-December). One reason has been the buoyant capital markets.According to data from EY India Private Equity Advisory Practice and VCC Edge, the value of all exists has been $10.06 billion in 2017 (Jan-Oct), as compared to $6.67 bn in 2016 (all 12 months) and $6.47 bn in 2015.The use of Initial Public Offers (IPOs), open market and secondary market saw a surge. Buybacks and strategic sales saw a dip. The secondary market reported 527 per cent growth to $3.34 bn as compared to $0.53 bn in 2016. Open market sales grew 117 per cent to $3.63 bn, from $1.68 bn and IPOs saw 72 per cent growth to $1.57 bn, from $0.91 bn.Vivek Soni, partner and leader for PE Advisory at EY India, says the year so far has been the best ever for PE/VC exits. With buoyant capital markets, ...
The quarter recorded the largest IPO exits ever with Fairfax selling its 12% stake in ICICI Lombard