As valuation of companies have improved with recovery in the stock market, a number of private equity (PE) players are offloading their stakes worldwide. These exit valuations have shot up nearly three-times in the year 2010 to USD 203 billion, according to a report. According to a research firm Preqin, 811 PE-backed exits occurred in 2010, with an aggregate exit transaction size of USD 203 billion. This is almost three times the aggregate exit value seen in 2009 at USD 73.6 billion. “End of year results suggest the private equity deals sector has recovered following the financial crisis, with both the value and volume of deals and exits returning to, or exceeding, pre-crisis levels,” the report noted. Market persons said years would be good for PE players in terms of offloading their holdings in companies. […]

Real estate developers in north India are again aggressively scouting for funds for the completion of residential projects announced much earlier. New Delhi-based realty firm Parsvnath Developers Ltd (PDL) has raised Rs.100 crore by selling 49.9% stake in a housing project at Ghaziabad to private equity (PE) firm SUN-Apollo India Real Estate Fund LLC. The 31-acre housing project “Parsvnath Exotica” is being developed by its subsidiary Parsvnath Buildwell Pvt. Ltd. In another development, Red Fort Capital Advisors Pvt. Ltd is close to investing Rs.150 crore in the “Esencia” township project in Gurgaon of Ansal Properties and Infrastructure Ltd. “While we may see a steady flow of PE transactions in real estate this year, many of them will be in projects that have garnered good amount of pre-sales and are already in the development mode,” said Adhidev Chattopadhyay, analyst, Edelweiss Securities Ltd. “Both these investments have been in the better projects of the developers, who both have large tracts of land.” […]