PE investments drop to $1.84 bn in Apr-June qtr
According to the study by Venture Intelligence, a research service focused on PE and merger and acquisition activity in India, Private equity (PE) firms had invested about USD 1.84 billion during the quarter ended June 2012. The investment amount was 34 percent less than USD 2.79 billion invested in the same period last year.
Further, the number of deals also dropped to 102 in the quarter under review while it was 126 in the same period in 2011.
The quarter lacked mega deals, which is expected to be the main reason behind the decline in the overall PE deal activity.
The Q2 of 2012 witnessed just four investments worth over USD 100 million each, and none above USD 200 million, compared to 10 such deals in the same period last year.
As per the report, the largest PE deal during the quarter was Morgan Stanley Infrastructure Partners’ investment of Rs 1,200 crore in Continuum Wind Energy, a Singapore-based developer of wind assets in India.
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Source: Zee News
Continuum Wind Energy, deals, decline, India, Investment, mega deals, merger and acquisition, Morgan Stanley Infrastructure Partners, PE, Private equity (PE) firms, research, Singapore-based developer, Venture Intelligence
