PE inflows continue in upward trend
India’s deal market in Feb reflected stability amid turbulent global conditions. While M&A activity saw a significant decrease in value, PE investments continued an upward trend: Report
image for illustrative purpose
Deal Pipeline
- M&A space recorded 38 deals at $670 mn in Feb
- However, M&A volume fell 7%
- PE space witnessed 106 deals at $0.8 bn
New Delhi: Continuing an upward trend in private equity (PE) investments, India Inc saw 154 deals at $2.5 billion in the month of February despite lower values, a new report showed on Tuesday.
The top deal of the month, Mizuho Bank’s investment in Kisetsu Saison India, instilled confidence in the domestic market, contributing to nearly 21 per cent of the mergers and acquisitions (M&A) deal activity, according to Grant Thornton Bharat’s report.
“India’s deal market in February reflected stability amid turbulent global conditions. While M&A activity saw a significant decrease in value, PE investments continued an upward trend, albeit with lower values,” said Shanthi Vijetha, Partner, Growth at Grant Thornton Bharat.
Looking ahead, despite short-term volatility, strong fundamentals and economic recovery are poised to revive investor confidence in India, Vijetha added.
The Indian M&A space recorded 38 deals at $670 milion in February, reflecting a 7 per cent decrease in volumes. The PE space witnessed 106 deals at $0.8 billion. While PE activity recorded the third-highest monthly deals in the past year, it marked the lowest monthly values since August 2020.
