Private equity (PE) deals recorded a 30% increase in value terms during January-July 2017 compared to the same period last year, a Grant Thornton report said on Thursday. However, in terms of volume deals declined by 20% during the same period indicating the increase in average ticket size of deals in the first seven months of the current calendar.
Grant Thornton said that in July 2017 PE investment values witnessed a strong increase on account of five big ticket investments, valued at over $100 million, together contributing to over 67% of the total PE investment values as compared to only one such deal in May 2016.
The month was dominated by investments in start-ups which contributed to 49% of the total investment volumes. On the other hand, banking sector dominated the PE investment values contributing to 46% of investment values followed by pharma. In terms of volume, 29 deals were signed this month whereas in no other sector did the number of deals signed even reach double digits.
The main deals were a host of investors picking up an unspecified stake in RBL Bank for $263 million, KKR picking up 49% stake in Radiant Life Care for $200 million. Others that attracted $100 million investments are Yes Bank, Aditya Birla Capital and CleanMax Enviro Energy. In the start-up segment, Urban Clap, Flipkart, Droom Technology, Edunetwork were among companies that raised funds.