Private equity investments declined 50 per cent during the September 2016 quarter to $3.2 billion across 125 deals compared to $6.5 billion across 224 transactions in the year-ago quarter. These figures, released by Venture Intelligence, include venture capital (VC) investments but exclude PE investments in real estate.
Compared to the April-June 2016 quarter, the drop was about five per cent. Total PE investments in the first nine months of 2016 (January-September) stood at $10.6 billion from 443 transactions, compared to $13.8 billion across 594 deals in the same period in 2015. The September 2016 quarter also witnessed 10 PE investments worth $100 million or more. The largest PE investment announced during this period was the $300 million raised by Paytm from Taiwan’s Mediatek, China’s Alibaba and VC firm SAIF Partners. The other large deals included Goldman Sachs’ $250-million investment in Essel Highways and the $175 million raised by messenger firm Hike from China’s Tencent, Taiwan’s Foxconn and US-based Tiger Global. Information technology (IT) and IT-enabled services (ITeS) companies accounted for 36 per cent of the PE investment pie in the quarter under review, attracting $1.1 billion across 65 transactions.