Latest report released by Grant Thornton India reflects that investments in Indian private equity segment have jumped to 48% in value terms to $1.22 billion in July over the same month last year.
The major reason behind this makeover is big-ticket deals, as the count shows that 59 PE deals worth $1.22 billion made in this year but in same time period previous year deal count was 88PE deals which estimate $826 million in value terms, says report.
In July, PE investment values observed a strong raise on account of five big-ticket investments, valued at over $100 million each together accounting for over 67% of the total PE investment values as compared to only one such deal in May 2016. The January-July period saw 472 PE deals worth $8.81 billion, registering a 30% rise over the same period last year.
"July witnessed around 60 transactions valued at $1.2 billion, which was almost 50% more in value than the same month last year. The sector focus this month for PE seems to be the BFSI (banking, financial services, and insurance) sector, with manufacturing and pharma rallying closely behind," Grant Thornton India LLP partner Prashant Mehra said.