Corporate India clocks PE deals worth $494 mn in April

Corporate India clocks PE deals worth $494 mn in April
PTI
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First Published: Wed, May 20 2009. 05 26 PM IST
Updated: Wed, May 20 2009. 05 26 PM IST
New Delhi: The month of April saw private equity (PE) deals worth $493.94 million and the value of total number of such deals during the first four months of this year increased to $1.31 billion.
The total number of private equity deals announced during the month of April 2009 stood at $493.94 million through 15 deals, global consultancy firm Grant Thornton said, adding that the total number of PE deals during the first four months of this year stood at 56 deals with an announced value of $1.31 billion.
“On the private equity front, we are finally seeing some increase in the deal values compared to the first three months of the year, where deal values are close to half a billion dollars,” Grant Thornton Partner, transaction support services official C G Srividya said.
However, the PE deal value so far this year represents a significant decline of over 72% from its year ago period. In the first four months of 2008, corporate India had announced private equity deals worth $4.68 billion through 149 deals.
The total number of private equity deals announced during the calendar year 2008 stood at 312 with a total announced value of $10.59 billion.
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First Published: Wed, May 20 2009. 05 26 PM IST