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Showing posts from January, 2012

Inbound M&A deal volumes surge by 30% in 2011

The pace of outbound deals however was muted, reveals a Venture Intelligence study

Foreign companies acquired majority stakes in 131 Indian companies during 2011, registering a 30% rise in such transactions as compared to the previous year, according to a study by Venture Intelligence, a research service focused on Private Equity and M&A transaction activity in India. Of these Inbound deals, there were 65 deals with an announced value of $9.99 billion. In comparison, 2010 had witnessed a total of 101 inbound deals, of which, there were 50 transactions with announced values totaling almost $8.4 billion.

The largest inbound M&A deal by value announced during 2011 was Vodafone’s March 2011 buyout of the Essar Group’s stake in mobile phone services firm Vodafone Essar for $5.46 billion. The second largest inbound deal during the year was the acquisition of BPO firm Intelenet by UK’s Serco Group for an estimated $630 million, followed by International Paper’s acquisition of a 75% sta…

AZB & Partners, E&Y Top League Tables for 2011

Corporate law firm AZB & Partners and the Ernst & Young have topped the Venture Intelligence India League Tables for 2011. Ernst & Young – which advised a total of 93 qualifying transactions - topped the League Tables as the Most Active Transaction Advisor (both PE and M&A) for the year. Among legal advisors, AZB topped the tables in both the PE and M&A categories advising a total of 73 deals during the year. Both these firms had topped the league tables for the year 2010 as well.

The Venture Intelligence League Tables, the first such initiative exclusively tracking transactions involving India-based companies, are based on volume of PE and M&A transactions advised by Transaction and Legal Advisory firms.

Private Equity Deals

Among PE transactions, AZB advised 45 deals during 2011 including GIC and Bain Capital’s $828 million investment in Hero Investments, and Warburg Pincus’ $150 million investment in Diligent Power. Other legal advisors who advised a significa…

Internet & Mobile in Focus at APEX’11 PE/VC Summit

The Venture Intelligence APEX’12 Private Equity & Venture Capital Summit, scheduled for February 14 at Mumbai, is to feature a special panel discussion on the Internet & Mobile sector. Speakers on the panel, which will include a mix of Angel & VC investors, Entrepreneurs from the sector and Advisory Firms, will provide their outlook on investments in the sector for the next 3-5 years.

Speakers confirmed for the Internet & Mobile panel discussion include Mahesh Murthy, Founding Partner, Seedfund - one of the most prolific investors in startup IT companies in the country - and Alok Kejriwal, Founder, 2Win Group - an entrepreneur who has created several Internet- and Mobile-based businesses (like Contests2win, Mobile2win, Games2win, etc), raised VC funding for them and also successfully sold Mobile2win's China arm to Disney. Also confirmed to speak on the panel is former Bharti TeleTech CEO Sunil Goyal, an active angel investor and founder of early stage VC fund Your…

PE investments up 24% to over $10-B in 2011, but dip QoQ

Private Equity firms invested $10,117 million over 441 deals in India during the 12 months ending December 2011, compared to $8,187 million across 362 deals during the previous year, according to analysis by Venture Intelligence, a research service focused on Private Equity and M&A activity. These figures - which include VC investments and exclude PE investments in Real Estate - take the total investments by PE firms over the past five years to about $47 billion across 2,062 transactions.

The latest Venture Intelligence data however reveals that PE investments in October-December 2011 declined to about $1,456 million (across 105 deals) compared to the $1,828 million invested (across 88 deals) in the same period in 2010 and $2,334 million invested (across 109 deals) in the immediate previous quarter. “The amount of PE capital deployed has declined for the fourth successive quarter in keeping with the economic uncertainty and the decline in public markets,” noted Arun Natarajan, CEO …