Private equity investments in January-March amounted to $ 3.1 billion through 160 transactions, registering a moderate 2 per cent decline in terms of deal value over last year, says a PwC report.
In comparison with the year-ago period, there was a considerable decline of 24 per cent in terms of deals numbers. January-March 2015 quarter had seen 211 deals worth $ 3.16 billion. A sectoral analysis shows despite a shortfall in big deals in e-commerce, the information technology & IT-enabled services (IT&ITeS) sector continued its dominance with an investment flow totaling $ 1.26 billion in 92 deals. According to PwC MoneyTree India report, a quarterly study of private equity investment activity based on data provided by Venture Intelligence, PE appetite continued to be strong with late-stage investments of $ 1.32 billion invested into mature companies. Growth-stage investments also played a significant role, attracting $ 918 million in the first quarter of this calender year, the report said.