Millennium Post

Jan-June Private Equity investments jump 42% to $5.4 bn despite lower no of deals

Notwithstanding a 9 per cent dip in volume, private equity investments jumped a hefty 42 per cent to $5.4 billion across 197 deals during the first half of 2013 aided by the $1.2-billion Bharti Airtel deal, according to an EY India (formerly Ernst & Young) report.

The first half of 2012 had seen as many as 216 PE deals aggregating to $3.8 billion, against 197 this year, said the report attributing the growth to the $1.2 billion Bharti Airtel-Qatar Endowment deal.

Excluding this, the value size growth in H1 of 2013 would have been just 9 per cent over the same period last year, says EY India partner, private equity and transaction advisory services Mayank Rastogi. The Lafarge India-Barings Asia deal worth $ 260 million was the fourth largest deal this year, says the EY report.
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