Real estate sector attracted $45 million or 4 percent of the aggregate private equity (PE) deals in the country during April 2013.
During the month under consideration, the economy witnessed $1.2 billion worth of PE deals through 48 transactions compared to $605 million in April 2012, from 37 deals. This is a growth of 106 per cent.
The highest share of PE deal was witnessed in the manufacturing sector which attracted 53 per cent of the total deal (in terms of value) at $659 million.
This is followed by banking and financial services at $334 million or 27 per cent of the deal size. While IT and ITeS attracted $87 million worth of deals with 7 per cent share, the corresponding figure for pharma and healthcare is $33 million with 3 per cent share.
The top five PE deals accounted for 79 per cent of the total value. The top two PE deal of the month was KKR acquiring the controlling stake (90 per cent) in global tyre maker Alliance Tire Group (ATG) from US-based Warburg Pincus for $650 million, followed by government of Singapore Investment Corporation buying out 3 per cent stake in Kotak Mahindra Bank for $239 million, the report said.
The average deal size was $26.03 million, it said. The data is released by Grant Thornton India LLP, which is a transaction advisory and audit firm.
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