MUMBAI, Apr 25: Venture capital/private equity
investments doubled in March to USD 7 billion on an annualised
boosted by a spurt in large transactions, says a report.
Exits during the month were 34 percent lower at USD
465 million involving 13 transactions, a report by consultancy
firm EY said Thursday.
March was the best month ever for PE and VC
investments, it said, adding the USD 7-billion mark in the
month was more than double of USD 3 billion in the previous
year and over 30 percent higher than the previous high of USD
5.4 billion clocked in August 2017.
Thirteen large deals of USD 100 million-plus adding up
to USD 6 billion helped boost the numbers, and Brookfields
USD 1.9 billion buyout of RILs East-West Pipeline was the
largest deal during the month.
On the back of a busy March, the March quarter has
emerged as the best ever quarter for PE/VC investments, with
investments worth USD 11.4 billion, up 37 percent over the
same period a year ago.
The month also recorded highest monthly value and
number of buyout deals, aggregating at USD 2.8 billion across
seven deals. Private investment in public equity investments
rose to USD 1.9 billion, but massivley down from USD 3 billion
a year ago.
From a fund raising perspective, the firepower
plunged to a low USD 40 million in March from USD 1.1 billion
a year ago. (PTI)
^&^^
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