Private equity firms have invested about US$2.8bn in 77 Indian companies during the quarter ended June, according to a study by Venture Intelligence, a research service focused on private equity and venture capital.
The amount invested during the quarter was higher than that during the same period last year, when 74 deals totaling US$1.9bn had taken place. But, this was significantly lower compared to the immediate previous quarter (which witnessed 115 deals worth US$3.6bn).
The latest numbers take the total investments by private equity firms in the first six months of 2008 to over US$6.3bn as against the US$5.4bn invested during the corresponding period in 2007, Venture Intelligence said.
The largest investment reported during Q2 CY08 was US$640mn raised by Aditya Birla Telecom (ABTL), a subsidiary of listed mobile telephone services provider Idea Cellular, from Providence Equity Partners.
"The steep fall in the public markets has resulted in a marked decline in the number of PIPE, Pre-IPO and Late Stage investments during the latest quarter," said Arun Natarajan, Founder & CEO of Venture Intelligence.
"There has been a significant drying up of investments in the BFSI and Engineering & Construction sectors compared to last year. While Power and Telecom companies continue to attract large ticket investments, the positive surprise this year has been the re-emergence of Healthcare and Life Sciences on the radar screens of PE investors," he added.
The April-June quarter also saw more than US$2bn being raised for PE investments in India, with a substantial portion accounted for by infrastructure-focused offerings from 3i and Axis Bank, Venture Intelligence said.
The amount invested during the quarter was higher than that during the same period last year, when 74 deals totaling US$1.9bn had taken place. But, this was significantly lower compared to the immediate previous quarter (which witnessed 115 deals worth US$3.6bn).
The latest numbers take the total investments by private equity firms in the first six months of 2008 to over US$6.3bn as against the US$5.4bn invested during the corresponding period in 2007, Venture Intelligence said.
The largest investment reported during Q2 CY08 was US$640mn raised by Aditya Birla Telecom (ABTL), a subsidiary of listed mobile telephone services provider Idea Cellular, from Providence Equity Partners.
"The steep fall in the public markets has resulted in a marked decline in the number of PIPE, Pre-IPO and Late Stage investments during the latest quarter," said Arun Natarajan, Founder & CEO of Venture Intelligence.
"There has been a significant drying up of investments in the BFSI and Engineering & Construction sectors compared to last year. While Power and Telecom companies continue to attract large ticket investments, the positive surprise this year has been the re-emergence of Healthcare and Life Sciences on the radar screens of PE investors," he added.
The April-June quarter also saw more than US$2bn being raised for PE investments in India, with a substantial portion accounted for by infrastructure-focused offerings from 3i and Axis Bank, Venture Intelligence said.
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