PE investment falls for 3rd month, Aug deal tally at USD 1 bn – Feedback

Private equity investments in the country in August — at USD 1,090 million — declined for the third month in a row both in terms of volume and value, down 37 per cent from last year.

According to assurance, tax and advisory firm Grant Thornton, there were 85 PE transactions worth USD 1,090 million while in August 2015, there were 103 deals worth USD 1,720 million. For January-August as well, PE investments displayed a sharp 30 per cent year-on-year decline in investment values, largely owing to cautious investor sentiment. “In the eight months to the year, PE has clocked over 650 transactions, contributing around USD 8 billion in value. Though the volume of transactions seems to be at par, there is a decline in deal value by about 30 per cent on a year-on-year basis,” Grant Thornton India LLP Partner Prashant Mehra said. The report further noted that there has been a decline in big-ticket deals as so far this year there were only 17 investments valued above USD 100 million while in January- August 2015, there were 38 such transactions.

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