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Corporate India clocks PE deals worth $494 mn in April

The month of April saw private equity (PE) deals worth $493.94 million and the value of total number of such deals during the first four months of this year increased to $1.31 billion. The total number of private equity deals announced during the month of April 2009 stood at $493.94 million through 15 deals, global consultancy firm Grant Thornton said, adding that the total number of PE deals during the first four months of this year stood at 56 deals with an announced value of $1.31 billion. […]

Private equity investors may be back

The poll verdict could well be the turning point for private equity (PE) investors and investment bankers who were waiting on the sidelines of the Indian market for several months. With the installation of a stable government at the Centre likely to give a fillip to investor sentiment, dealmakers expect companies to target institutional investors with a slew of preferential equity issues over the next few months. Mergers and acquisitions (M&A) as well as PE deals have fallen in the past few months. According to Thomson Reuters, M&A volumes in the calendar year-to-date have crashed by 71% to $6.5 billion against $22.7 billion in the corresponding period last year. Similarly, PE deals have fallen 51.2% to $682 million. […]