Deal activity rises in January
- Livemint" target="_blank">Livemint
- February 19, 2015
New Delhi: Deals worth $3.4 billion across 118 transactions were struck in January in India, compared with $1.6 billion across 87 transactions in January last year and $1.2 billion across 74 deals in the same month a year before that, according to a Grant Thornton report on merger and acquisition (M&A) and private equity (PE) activity.
Inbound deals have more than tripled in value, led by the Herman-Symphony transaction worth $780 million and three other deals worth more than $100 million each. Outbound deals have not seen too many big-ticket transactions despite a 166% increase in volume.
The rising trend in PE investment activity continued in January with 74% higher deal value and 30% higher volume compared with the year-ago period. Information technology (IT) and IT-enabled services (ITeS) continued to lead both M&A and PE activity in India. M&A was mainly driven by consolidation in industries.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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