PE players seal over $1.17 bn deals in January: Thornton
Private equity deals worth USD 1.17 billion were sealed in the very first month of this year, registering a jump of 74 per cent over last year, says a Grant Thornton report.
According to the assurance, tax and advisory firm, the upward trend in PE investment activity continued in January with 74 per cent higher deal values compared to the same month last year.
In January 2014 there were 54 private equity deals worth USD 675 million.
Private equity investments witnessed heightened interest in IT & ITeS, particularly in the e-commerce space, which drove both values and volumes. In one such investments, online marketplace ShopClues raised over USD 100 million from a group of investors led by Tiger Global.
The month also saw big ticket investments from global PE players into the Indian hospital sector, led by Manipal Health Enterprises' proposed sale of its 24.75 per cent stake to global private investment firm TPG.
BFS also witnessed renewed interest, with Ujjivan Financial receiving close to USD 100 million of funding, making it the single largest investment into a microfinance lender in India.