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PE activity zooms 77% in October: Report

Author: IANS/Tuesday, November 7, 2017/Categories: Corporate

PE activity zooms 77% in October: Report

Mumbai, Nov 7 - Private equity (PE) activity in the country rose by 77% to $2.1 billion worth of transactions in October, a report said on November 7.

According to EY's monthly PE deal tracker for October 2017, the industry witnessed $2.1 billion worth of transactions spread across 56 deals.

In October 2016, the country's PE activity recorded 60 deals worth $1.2 billion.

On a month-on-month basis, there was an increase of 16.7 per cent in value terms and 19.1% in terms of volume.

The month under review also saw two large deals which accounted for 71% of the total deal value. 

The largest deal saw Tencent and Softbank invest $1.1 billion in Ola Cabs that would be used for investments in supply and technology, followed by CDPQ investment of $400 million in Logos India Ventures that would be used to acquire logistics assets.

"October 2017 was another stellar month for the Indian PE/VC sector," said Vivek Soni, Partner and Leader for PE Advisory, EY. 

"The festive month saw a couple of cracker deal announcements which helped take the PE/VC investments for 2017 past the previous record high of 2015."

On a year-to-date basis, the report disclosed that the domestic PE investment values increased to $21.8 billion across 496 deals, surpassing the previous record high of $19.6 billion across 767 deals in 2015.


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Kavita Giridhar Mallya


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