Private equity (PE) investment in the July-September quarter reached $3.1 billion, registering a growth of 47 per cent over the corresponding period last year, says a report.
According to the tax and advisory firm Grant Thornton, PE investments witnessed a significant improvement both in terms of value (47 per cent) as well as volume (37 per cent) in the July-September quarter this year. In the quarter, PE investments amounted to $3.12 billion through 157 deals, while in the corresponding period last year there were 115 such transactions worth $2.12 billion.
There were several big ticket deals in the quarter. As many as 15 investments were over $50 million each, including two over $100 million and one billion dollar investment, the report said. In the third quarter of 2013 there were only nine investments worth over $50 million each.
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