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October 02, 2017

Private Equity investments hits all-time high in 2017

$17.6 B invested in just the first 9 months of the year surpasses the previous full year high of $17.3 Billion recorded in the entire of 2015, Venture Intelligence data shows. SoftBank’s mega bets on Internet & Mobile companies accounts for 24% of total investment value

Private Equity firms invested about $17.6 Billion in Indian companies in just the first 9 months of 2017 - sailing past the previous high of $17.3 Billion recorded in CY 2015, data from Venture Intelligence, India’s longest serving research service focused on private company financials, transactions and their valuations, shows. The year has already recorded as many as 21 investments over $200 million in size in addition to 15 deals between $100 million and $200 million. The mega deals have been dominated by four sectors: Internet & Mobile; Infrastructure; IT Services & BPO and BFSI (Banking, Financial Services and Insurance).

Over $4 Billion of the investment value - 24% of the total - has been committed by just one investor: Japan-based SoftBank - $250 million in budget hotels aggregator Oyo; $1.4 Billion in mobile wallet leader Paytm and the whopping $2.5 Billion in e-commerce leader Flipkart.

The record breaking value figures have however been accompanied by a fall in terms of deal volumes, the Venture Intelligence analysis showed. The number of deals in the first nine months of 2017 (at 402) are 23% lower than that in the comparable period during the previous year (and 35% lower compared to the same period in 2015).

July - September Quarter

PE firms invested about $5.7 Billion across 106 deals during the quarter ended September 2017 - the second largest quarter ever, behind only Jan - Mar 2017 (which had recorded $6.4 Billion being invested across 163 transactions.)

The investment amount was 73% higher than that in Q3’16 (which had witnessed $3.3 Billion being invested across 153 transactions)and 5%higher than the immediate previous quarter (which saw a $5.4Billion across 133 transactions). The number of investments in July-September has been the lowest in 2017 - down 31% compared to the same period last year and down 20% compared to the immediate previous one. (Note: These figures include Venture Capital investments, but exclude PE investments in Real Estate.)

Q3’17 recorded as many as 13 investments above $100 million (compared to 10 in the same period last year). While SoftBank’s $2.5 Billion investment in Flipkart was the largest reported during the latest quarter, the next three largest investments during Q3’17 were accounted for by BFSI companies - Carlyle’s $300 million into SBI Cards; the $260 million raised by RBL Bank and the $240 million buyout of investor services firm Karvy Computershare by General Atlantic. 

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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.