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May 07, 2017

Dalal Street rally cheers PEs looking to exit - Economic Times

An Economic Times article, leveraging Venture Intelligence data, shows how PE-backed IPOs have fared in the recent stock market rally. Extract:
According to data from PE and M&A data provider Venture Intelligence, 30 PE-backed companies listed on the bourses in the past two years — 16 in 2016-17 and 14 in FY16. Before that, only five, one and seven PE-backed companies listed during FY13, FY14 and FY15.  
Some of the top PE-backed companies that hit Dalal Street and gave their investors an exit include Bharti Infratel, Equitas Holdings, Laurus Labs, Bombay Stock Exchange, RBL Bank, Endurance Technologies, Ujjivan Financial Services, Parag Milk, Care Rating and Healthcare Global. These ten firms together have given $927 million, or about Rs 5,963 crore, of returns to their investors so far. 
Some investors continue to hold positions in a few of these companies while others have partially cashed out, Venture Intelligence data showed. In the past five years, PE investors saw exits worth $37.6 billion, of which those through M&As amounted to $20 billion, it said. 

Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.