- EXITS HIGHEST IN SEVEN QUARTERS
- Investments 5% lower than Q2
However, they were 5% lower than Q2 this year. The number of deals in Q3 was lowerby 18% on YoYbasis, it said.A pickup in pure-pay PE/VC investments of 88% bolstered the growth in total PE/VC investments in Q32023, which recorded 31 large deals, aggregating $10.7 billion, compared to 15 large deals worth $4.8 billion in Q3, 2022, it said.
Growth investments were the highest in Q3, 2023, at $4.5 billion, followed by buyouts at $3.5 billion. From a sector point of view, infrastructure was the top sector in Q3, 2023, at $3.9 billion.PE/VC exits were at $8.6 billion across 85 deals in Q3, 2023, highest in seven quarters.
Open market exits accounted for 44% of all exits by value.
"Strong returns generated by PE funds in recent exits are adding to the attractiveness of the sector for PE/VC funds," it said.
"Looking at the strong deal pipeline, notwithstanding the increasingly uncertain global macro, we remain hopeful that Indian PE/VC investments in 2023 will surpass 2022 levels," said Vivek Soni, partner and national leader of private equity services at EY India.
PE fund managers also say investments rising. "Since late last year, we are seeing a strong sequential improvement in PE/VC investments in India.
Denne historien er fra November 02, 2023-utgaven av Financial Express Mumbai.
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Denne historien er fra November 02, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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