April-June quarter sees PE deals worth $3.85 bn: VCCEdge

Private equity investments in the second quarter of 2015, excluding real estate, stood at USD 3.85 billion across 262 deals in April-June period, a 43 percent increase in value terms over corresponding period last year, says a VCCEdge report.

New Delhi: Private equity investments in the second quarter of 2015, excluding real estate, stood at USD 3.85 billion across 262 deals in April-June period, a 43 percent increase in value terms over corresponding period last year, says a VCCEdge report.

According to the financial database and research platform, there were private equity transactions worth USD 2.69 billion by way of 203 deals in the second quarter of 2014.

VCCEdge is the financial database and research platform of the VCCircle Network, owned by News Corp.

VCCircle Network founder Sahad P V said early stage investments have boosted private equity inflows into India as investors are betting on emerging companies.

The report said that the first half of this year saw deals worth USD 8.3 billion against USD 4.9 billion during the same period last year, registering a rise of 70 percent.

The number of deals in the first six months of this year increased 27 percent to 513 deals from 403 last year due to improved investor sentiment.

"This has been primarily due to a rise in early-stage and venture capital investments in technology companies," the report added.

Meanwhile, the average deal value jumped 19 percent to USD 20.48 million in the latest period from USD 17.14 million in 2014.

Big-ticket deals, which were worth at least USD 100 million constituted 71 percent of the total private equity capital invested in April-June 2015.

Sector-wise, consumer discretionary, financial services, energy, information technology and healthcare were the top five sectors for PE deals during the April-June quarter in terms of value.

In terms of cities, India's IT hub Bengaluru leads the list of top five cities in the country that saw maximum private equity investments, followed by Mumbai, Delhi, Gurgaon and Chennai, it added.

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