Indian deal values increase in first quarter - PwC
The value of private equity deals in India jumped 57% during the first three months of this year compared to the fourth quarter of 2011, according to a new report. The number of deals decreased 24% over the same period, however.
According to the MoneyTree India Report produced by PricewaterhouseCoopers (PwC), private equity firms invested $1.8 billion in the country in 91 deals in the first quarter of 2012.
The healthcare and life sciences sector experienced strong growth in the volume and value of transactions during the first quarter, witnessing a seven-fold increase in dollars and a 27% increase in deal numbers on the prior quarter, with $530 million going into 14 investments.
"PE investors continue to be enthusiastic about prospects of India's future growth; however, the investment activity will likely remain volatile given an uncertain global environment," said Raman Chitkara, global technology industry leader at PwC. "India's fast-growing market is a key opportunity for PE. As the pursuit of innovation and venture investing becomes more global, India will increasingly attract greater attention from PE investors."
A total of 347 India private equity transactions were recorded last year, valued at a cumulative $7.7 billion. This compared favorably with the $6.2 billion invested in 253 deals in 2010 and the $3.4 billion invested in 2009.
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