According to advisory firm Grant Thornton, the first eight months of this year saw PE deals worth over USD 7.6 billion, registering an increase of 31 per cent over the corresponding period a year ago, when deals worth USD 5.83 billion were announced.
"PE deal value has increased by 31 per cent in the January-August 2013 driven by some large buy-out deals like Barings-Hexaware deal, which in our view is an increasing trend in PE deal dynamics," Grant Thornton Partner, Transaction Advisory Services Raja Lahiri said.
On a month-on-month basis however, the total PE deal value witnessed a decline.
In August 2013, there were 36 private equity deals amounting to USD 924 million, registering a fall of 49 per cent as compared to August 2012.
The significant decline in PE deal tally in August 2013 was largely because of the billion dollar investment by Bain Capital in Genpact Ltd in August 2012, Grant Thornton said.
Baring PE's investment of USD 400 million in Hexaware Technologies Ltd for a 41.8 per cent stake, was termed as the PE deal of August, 2013.
Meanwhile, TPG Capital's 23 per cent stake acquisition in Shriram City Union for USD 194 million was the other major deal, followed by Softbank's USD 75 million investment in Jasper Infotech were the among the other major PE deals.
The top five PE deals amounted to 80 per cent on the total PE deal value in August, 2013.
Private equity, Private equity deal, Grant Thornton, Barings-Hexaware deal, Transaction Advisory Services, Bain Capital, Genpact Ltd, Hexaware Technologies, Shriram City Union, Softbank, Jasper Infotech, Companies news