Millennium Post

May private equity investments touch 5-year high of $2.1 bn

Private equity players announced investments worth $2.1 billion in Indian companies in May, the highest amount for any month in more than five years, according to global consultancy firm Ernst & Young.

The highest investment value primarily came on the back of Qatar Foundation Endowment's $1.26 billion deal with telecom major Bharti Airtel.
'PE funds announced 30 deals totalling to $2.1 billion during May 2013, making it highest monthly total since January 2008. 'In terms of investment value, it is just marginally lower than the aggregate investments in the first four months of calendar 2013 ($2.4 billion across 140 transactions),' E&Y said in a statement.

Compared to April when it touched $1.2 billion, the aggregate investment value last month rose by 72 per cent. However, the number of deals fell by 48 per cent in May as against 51 transactions recorded in April. E&Y noted that Qatar Foundation Endowment-Bharti Airtel deal is the second-largest private equity transaction ever in the country.

'In addition to this, there were six other PE investments with value of USD 50 million and above, aggregating to USD 712 million.’
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