Private Equity firms invest a record USD 8.2 billion in June quarter

Chennai: Private Equity firms invested a record USD 8.2 billion across 158 deals during the quarter ended June 2018.

The value of investment was 60 per cent higher compared to the USD 5.1 billion received in the same period last year, according to data from Venture Intelligence. The value was also 112 per cent higher than that in the immediate previous quarter.

The June quarter witnessed 24 PE investments worth USD 100 million, which accounted for almost 83 per cent of the total investment value, compared to just 10 such transactions in Q2’17.

Of these, 12 were larger than USD 200 million and accounted for 64 per cent of the total value. There were only seven such investments in the year ago period.

“Not even five years ago, in 2013, USD 8 billion was the figure for PE capital that got invested during the entire year. Exceeding that in just one quarter, shows the extent of the confidence bounce back among investors for the Indian PE asset class, as well as in the macro environment,” said Arun Natarajan, CEO of Venture Intelligence.

With this, the total PE investments in the first half of 2018 totalled to USD 12.4 billion, which as close to that recorded in first half of 2017. Among large deals, Partners Group invested USD 960 million in IT product development firm GlobalLogic and Temasek’s invested about USD 760 million to buyout the L&T Electrical & Automation business.