India Inc’s Sept M&A & PE deal tally at $6.2 billion

Corporate India’s deal tally including M&As as well as private equity amounted to about $6.2 billion in September, a jump of over 29 per cent over last year, says a report. According to Grant Thornton India LLP, there were 114 transactions worth $6,192 million, while in the same month last year 151 transactions worth $4,780 million. In the mergers and acquisition (M&A) space, there was a significant uptrend in terms of deal value, while PE space saw muted activity. In September there were 46 pure play M&A deals of $5,570 million as against 61 deals worth $3,891 million a year ago. There were 68 PE transactions worth $622 million, as against 90 deals amounting to $889 million in September last year. In the PE and VC space, Banking & Financial Services cornered the maximum deal value with $192 million, followed by start-up sector at $163 million, and e-commerce $93 million. In the merger and acquisition space, the telecom sector topped the deal tally chart with just a single deal worth $3,582 million, followed by Energy & Natural Resources with $930 million. “January-September witnessed over 1,100 transactions grossing around $36.4 billion, which reflects 10 per cent growth in value over the corresponding period last year,” Prashant Mehra, Partner, Grant Thornton India LLP said.