India overtakes Southeast Asia in deal-making, says Rothschild & Co.

Rothschild & Co, a leading global financial services firm, considers India a crucial component of its global advisory business, surpassing Southeast Asia in deal volume and emerging as a key market for mergers and acquisitions (M&A), private equity (PE), and private credit. Managing Director and Co-Head of India at Rothschild & Co, Mr. Aalok Shah, highlighted the growing interest of international clients in understanding India’s investment landscape. As cross-border M&A activity in China declines, India is becoming a more attractive market, with technology, consumer technology, pharmaceuticals, and renewable energy driving the next wave of transactions. The firm expects increased consolidation in consumer tech, while initial public offerings (IPOs) in clean energy are gaining momentum following recent ACME and NTPC Green listings.

The private credit market in India is also expanding, with banks and global funds competing for deals in promoter financing, real estate, and acquisition financing. As equity capital becomes harder to raise, promoters and investors increasingly turn to private credit solutions, including asset restructuring through the National Company Law Tribunal (NCLT). Rothschild & Co. ranks among India's top financial advisory firms by deal volume. It is strengthening its presence by expanding its team. Limited partners (LPs) continue to back established India-focused private equity firms but remain cautious about new entrants, with successful venture capital (VC) firms securing most of the available capital. Meanwhile, continuation vehicles (CVs) remain limited, as fund managers prefer extending or rolling over assets rather than exiting, given the Indian market’s growth trajectory.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.