A record $7.5 bn was invested by private equity firms across 299 deals in India during 2006, according to a study by Venture Intelligence, a Chennai-based PE tracking firm. The final quarter witnessed PE companies investing $2.559 bn across 67 deals. Mega deals like Idea Cellular's pre-IPO placement and the KKR-Flextronics Software buy-out contributed significantly to the total. The year witnessed several large global PE companies - with appetite for large deals - making their first investments in India. There were 26 deals involving investments of $50m during 2006 compared to just nine such deals in the previous year.
Information Technology and IT-Enabled Services continued to remain the favorite industry among PE investors during 2006 accounting for $1.470 bn across 87 investments, followed by the manufacturing industry attracting 55 investments worth $962 bn. Other industries that attracted significant PE investor attention during the year included banking, healthcare and life sciences and engineering and construction.
Late-stage investments accounted for 36% of all deals while PIPEs accounted for 22% of the deals. Early-stage investments accounted for about 20% of deals during 2006.
Read the articles from The Economic Times, AltAssets.com and Reuters.com.
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