Private equity / Venture Capital (PE/VC) investments in India reached $36.7 billion in 2019 overtaking the previous high of $36.5 billion recorded in 2018, according to the IVCA-EY report.
August 2019 recorded investments worth $4.4 billion across 82 deals, on the back of 16 large deals of value greater than $100 million and strong investment activity in infrastructure and real estate asset classes.
Exits recorded $691 million across 11 deals on account of large secondary exits.
Infrastructure ($803 million), real estate ($764 million) and financial services ($734 million) were the top three sectors in terms of PE/VC investments in August 2019.
Investments in infrastructure and real estate sectors accounted for 35 percent of the total PE/VC investments in August 2019 compared to 23 percent in August 2018.
GIC’s $631 million investment in IRB Infra’s road platform was the largest deal in August 2019 followed by Blackstone’s buyout of Coffee Day’s Global Village Tech Park for $400 million.
August 2019 recorded 11 exits worth $691 million, 60 percent lower compared to the value of exits recorded in August 2018 ($1.6 billion) and 9 percent higher compared to exits recorded in July 2019 ($635 million).
August recorded total fund raises of $1.1 billion compared to $2 billion raised in August 2018.
Kotak Special Situations Fund raised the largest fund worth $1 billion to target non-performing asset (NPA) opportunities.
Vivek Soni, partner and national leader, private equity services, EY said that given the deal momentum in various sectors, the total Indian PE/VC investment could potentially be in the range of $48 billion to $50 billion by the end of 2019.