PE deals touch $6.39 bn so far this year: Grant Thornton

PE deals touch $6.39 bn so far this year: Grant Thornton
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First Published: Sun, Jun 15 2008. 05 01 PM IST
Updated: Sun, Jun 15 2008. 05 01 PM IST
PTI
Mumbai: Downturn in the world economies notwithstanding, India is witnessing increasing number of private equity deals with the total value touching $6.39 billion so far this year.
PE deals in the country have fared well since the beginning of this year despite global credit crunch, high oil prices, inflation among others.
“The total number of PE deals during the first five months of 2008 stands at 170, with an announced value of $6.39 billion as against 159 deals amounting to $4.97 billion during the corresponding period in 2007,” global consulting major Grant Thornton said.
Meanwhile, another global deal tracking firm Zephyr said India is among the top ten countries in terms of value of private equity deals across the world.
India Inc witnessed the announcement of $640 million worth of PE deals in May this year, a whopping increase of over 603% over last month figure while 1,180% jump from corresponding period last year, Zephyr said in its latest report.
In April 2008, $91 million worth of PE deals were announced, it added.
Meanwhile, as per data compiled by Grant Thornton, the total number of PE deals announced during May stood at 14 with an announced value of $1.45 billion as against 32 deals amounting to $0.56 billion in the month of April this year.
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First Published: Sun, Jun 15 2008. 05 01 PM IST