Private Equity in India

Value of Private Equity Deals in India Drops

India private equity has been developing impressively over recent years but September proved to be an indicator that even India is not immune to the struggling global market. Venture Intelligence reveals that the value of private equity deals in India fell by 28% in the period of July to September compared to last year at this time. While the number of deals completed stayed almost exactly the same as last year's number, the value fell to $3 billion compared to $4.2 billion at the same period last year.

Reuters reports further on the fall in India's private equity deals:

A stock market slump also dried up deals ahead of initial public offers, Chief Executive Arun Natarajan said.

There were six deals of more than $100 million each, with JPMorgan’s $250 million investment in coffee shop chain Cafe Coffee Day, topping the chart, he said.

In comparison, there were nine deals in the year-earlier period of over $100 million, with the top being a $700 million transaction.

“The pre-IPO market has dried up,” Natarajan said. Pre-IPO placements of shares and buyouts together comprised about 8 percent of total private equity investments in India in 2007, he said.

Total investments in the first nine months of 2008 stood at 330 deals worth $9.7 billion, against $9.5 billion invested across 296 deals in the same period of last year, Venture Intelligence said.

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