M&A deals to take an upsurge
Post many cautious years of M&A and investment activity, India stands at a very important juncture and expects a turnaround in the corporate M&A deals, as the interest in strategic alliances and risk appetites keeps on growing as stated in a report. Again cash companies have started to focus on the investments along with a strong revival in the inbound interest according to report by the audit and research firm, Grant Thornton.
In the report, the agency has stated that in the year to date, there have been 560 deals worth around $23 billion, significantly up on the 460 deals which is worth $17.7 billion during the same period in the year 2013. The report has specified that strategic M&A apart from internal restructuring has shown the highest level of activity post 2012 at around $14.6 billion with around 251 deals in the year 2014 as against $11.5 billion at 228 deals in the year 2013 and $8.3 billion with around 155 deals in the year 2012.
While pharma, healthcare and biotech sectors have made up for 26 percent of deal values the other top sectors like real and consumer have made up 10 percent deal, energy and natural resources were at 10 percent, real estate was at 10 percent. The report further stated that IT and ITES were at 9 percent.
Source: The Hindu Business Line
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