Skip to main content

Private Equity investments vault 80% to over $4-B in Q2’15

Mega deals across sectors drive average deal size up 79% QoQ; 6 Month Investment Value Up 53% YoY 

Private Equity firms invested about $4,046 million across 128 deals during the quarter ended June 2015, according to early data from Venture Intelligence . The investment amount was 80% higher than that invested in the same period last year ($2,242 million across 115 transactions) and 43% higher than the immediate previous quarter (which had witnessed $2,825 million being invested across 160 transactions). The latest figures take the total PE investments for 2015 to $6,871 M across 288 transactions (53% more than the $4,480 million across 252 transactions in the first six months of 2014). Note: All figures in this note are exclusive of PE investments in Real Estate.

There were as many as 11 PE investments worth $100 million or more (with seven over $200-M) during Q2’15 compared to four such transactions in the same period last year and seven during the immediate previous quarter, the Venture Intelligence analysis showed. The largest investment reported during Q2’15 was Baring Asia’s $440 million buyout of Blackstone-backed ATM cash management services firm CMS Infosystems, followed by Olacabs’ $400 million (INR 2,520 Cr) fund raise from a group of existing and new investors (including GIC, DST Global, Falcon Edge Capital and Accel USA). An over 20% stake in listed consumer lender Shriram City Union Finance changed hands from one PE investor to another (TPG Capital to Apax Partners) for $383 million (INR 2,456 Cr). The Advent International led $315 million (INR 2,000 Cr) buyout of a 34.4% stake in Crompton Greaves Consumer Electricals from its promoter Avantha Group was the next largest transaction during Q2’15.

Other companies that attracted over $200 million rounds during Q2 2015 included Sun Pharma (where Temasek stepped in to acquire the stake of Japan’s Daiichi for INR 1,875 Cr), Snapdeal (INR 1,563 Cr from investors in mobile recharge and couponing firm Freecharge - that Snapdeal acquired - including Sequoia Capital India, Valiant Capital, Ru-Net Holdings, Tybourne Capital and others) and Mankind Pharma (where Capital International acquired ChrysCapital’s 11% stake for INR 1,300 Cr).

IT & ITES companies grabbed 44% of the investment by value (attracting $1,772 million across 84 deals) during Q2’15, followed by Healthcare & Lifesciences companies ($737 million across 10 transactions) and Energy companies ($309 million across seven transactions).


Late Stage companies (including mature companies like Mankind, thermal power firm OTPC India and TVS Logistics as well as Internet companies like Snapdeal and Quikr that have graduated to raising their seventh or later rounds) accounted for 24% of the investment pie in terms of value. Led by the Shriram City Union and Sun Pharma transactions, listed company investments (“PIPE” deals) accounted for 23% of the pie in value terms (while just 5% in volume terms). Led by the CMS and Crompton Greaves deals, Buyouts accounted for as much as 20% of the pie in terms of value (though constituting just 2% of the deal volume) in Q2’15, the Venture Intelligence data showed.

The Venture Capital segment (defined as investments of up to $20 million in companies that have been active for less than 10 years) accounted for 89 transactions or 70% of volume pie (11% by value) during Q2’15. The larger VC type investments in Q2’15 went into follow-on rounds in companies like local shopping app firm Zopper (reported $20 million round led by Tiger Global), handicrafts e-tailer Craftsvilla ($18 million led by Sequoia Capital India) and online food ordering Swiggy ($16.5 million round led by Norwest). Trendsetting investor Tiger Global made four new Early Stage bets in Q2’15: expense tracking app MoneyView, home services app LocalOye, online tutoring firm Vedantu and tea retail chain Chaayos.

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to Sign Up for the FREE Weekly Edition of the Deal Digest: India's First & Most Exhaustive Transactions Newsletter.

Popular posts from this blog

PE-VC investments in Q2'23 decline 33% to $9.9 Billion

Private Equity-Venture Capital (PE-VC) investments in India during the quarter ended June 2023 (Q2'23), at $9.85 Billion across 182 deals, registered a 33% decrease compared to the same period in 2022 (which saw $14.6 Billion being invested across 371 deals). The investment amount however rose 74% compared to the immediate previous quarter (which saw $5.7 Billion being invested across 181 deals), shows data from  Venture Intelligence , a research service focused on private company financials, transactions, and their valuations. The PE-VC investment figures for the first 6 months of 2023 - at $15.5 Billion (across 363 deals) - was 50% lower compared to the same period in 2022 (which saw $31 Billion being invested across 800 deals). Q2’23 witnessed 19 mega deals ($100 M+

Chiratae, Speciale and Stride Ventures win APEX'24 Venture Capital Awards

Chiratae Ventures, Speciale Invest and Stride Ventures were awarded as among the leading Venture Capital investors in India for 2023 as part of Venture Intelligence APEX‘24 Private Equity & Venture Capital awards event in Mumbai.  The Venture Intelligence “Awards for Private Equity Excellence” (APEX) is dedicated to celebrating the best that the Indian Private Equity & Venture Capital industry has to offer. The APEX Awardees are selected based on both Self Nomination by the participating PE-VC firms and "crowd sourced" voting from the Limited Partner, PE-VC and advisory communities. (The main criteria are Return Track Record, New Fund Raises & Follow-on Funding Rounds for Portfolio Companies) VC Investor of the Year Chiratae Ventures received the Venture Capital Investor of the Year 2023 Award on the back of 10 part exits totaling $178 million via Secondary Sales during the year. Its exits included those from retail unicorn Lenskart, SaaS Startup Pixis and baby pr

Blackstone, MO Alts and InvAscent win APEX'24 Private Equity Awards

Press Release Blackstone, MO Alternates (formerly Motilal Oswal PE) and InvAscent were awarded as among the leading Private Equity and Growth Capital investors in India for 2023 as part of Venture Intelligence APEX‘24 Private Equity & Venture Capital awards event in Mumbai.  The Venture Intelligence “Awards for Private Equity Excellence” (APEX) is dedicated to celebrating the best that the Indian Private Equity & Venture Capital industry has to offer. The APEX Awardees are selected based on both Self Nomination by the participating PE-VC firms and "crowd sourced" voting from the Limited Partner, PE-VC and advisory communities. (The main criteria are Return Track Record, New Fund Raises & Follow-on Funding Rounds for Portfolio Companies) PE Investor of the Year Blackstone received the Private Equity Investor of the Year 2023 Award on the back of strong complete exits during the year: from Sona Comstar and IBS Software. Ganesh Mani and Amit Dalmia, Senior Managing D

Avendus tops League Table for Transaction Advisors to PE deals in Q1'23

Aeka Advisors and Ambit claim the No.2 & 3 slot Avendus topped the Venture Intelligence League Table for Transaction Advisor to Private Equity Transactions for Q1 2023 advising 5 deals worth $808 million. Aeka Advisors stood second having advised 3 deals worth $228 million. Ambit followed with 4 deals worth $160 million. Ernst & Young ($114 million across 4 deals) and o3 Capital ($80 million across 2 deals) completed the top five for Q1 2023. Avendus acted as advisor to ADIA’s $500 million investment in omnichannel eyewear retailer Lenskart . Aeka Advisors acted as advisor to Kreditbee’s $160 million fundraise from Advent International, Mitsubishi UFJ Financial Group (MUFG) and existing investors. Ambit advised the $104 million fundraise of Freshtohome from Mount Judi Ventures, Iron Pillar, Amazon and others. The  Venture Intelligence League Tables , the first such initiative exclusively tracking transactions involving India-based companies, are based on the value of PE

PE-VC investments fall 38% in 2023 to below $30 B

The value of investments by Private Equity - Venture Capital (PE-VC) firms in India fell by 38% to less than $30 Billion in 2023. PE-VC firms invested $29.7 Billion (across 756 deals) in Indian companies in 2023, compared to $47.6 Billion (across 1,362 deals) in the previous year, reports Venture Intelligenc e, a research service focused on private company financials, transactions, and their valuations. (Note: These figures exclude PE investments in Real Estate).                                                                                                                                                                      2023 witnessed 67 mega deals ($100 M+ rounds) worth $21.2 Billion, compared to 112 such investments worth $31.8 Billion in 2022. The $2.4 Billion investment in Manipal Hospitals by Temasek (which gained majority control) and TPG Capital was the largest PE-VC investment in 2023. This was followed by the $1.35 Billion buyout of education loans focused HDFC Credila