PE/VC investments between Jan-Nov totals to $27 billion

Mumbai: The private equity (PE)/ venture capital (VC) investments between January to November 2018 aggregates to $27 billion, surpassing the high of $26.1 billion recorded in entire 2017.

November recorded $1.6 billion in PE/VC investments, 33 per cent lower compared to November 2017 and 49 per cent lower compared to the previous month.

"The decline was mainly on account of fewer large deals (greater than $100 million) with November 2018 recording only five large deals aggregating $950 million compared to nine large deals worth $1.8 billion in November 2017 and six large deals worth $2.5 billion in October 2018," according to an EY report.

The largest deal during the month saw Temasek buyout SP Infocity IT Park from CPPIB and Shapoorji Pallonji for $353 million. The other large deals include GIC and TFL Pension Funds $159 million investment in Kotak Mahindra Bank and India Resurgent Funds $156 million investment in Archean Chemical Industries.

Till the end of November 2018, buyouts have recorded $7.4 billion in investments across 37 deals, which is more than the value of buyouts in the previous two years combined ($3 billion in 2017 and $3.9 billion in 2016), it noted.

Start-up investments have also recorded a strong rebound in 2018, with $4.1 billion investments made till the end of November, 17 per cent higher than the value recorded in entire 2017. Till the end of November, PE/VC exits recorded $24.6 billion in value.

Exits in November 2018, at $394 million, recorded significant decline compared to $2.7 billion recorded in the same month last year and $1.4 billion recorded in October 2018, mainly on account of fewer large exits. November 2018 witnessed $398 million in fund raises, compared to $675 million in the year-ago month.