PE exits in India down by 90% in second quarter - PwC

The top three exits comprised 70% of the total value generated during the period, the report said. Broken down by sector, healthcare and life sciences saw the most activity by value at $39 million, although this came from a single transaction. Manufacturing was responsible for the largest number of exits, with three recorded.

Nearly half of the exits by value came through public market sales.

Private equity investment was also down in the second quarter, with $1.62 billion committed across 97 deals. This compares to $2.48 billion in 126 deals for April-June 2011. Information Technology (IT) and IT-enabled services was the leading sector by deal value and volume, with investment worth $321 million across 38 transactions.

"The Indian technology sector revolutionized the capital markets in India by setting new benchmarks for growth, profitability and governance," said Hari Rajagopalachari, technology practice leader at PwC. "The sector's response to the emergence of next-generation technology disruptions will be watched with deep interest."

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• Topics
• South Asia
• Advisory
• Exits
• India
• PwC
• Exit