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Crisis-hit NBFC sector sees private equity investments growing 88% in 2018: Business Standard

A Business Standard article quote Venture Intelligence data on Private Equity investments in NBFCs:
Private Equity (PE) investments in India’s non-banking financial companies (NBFCs) in the January-November period of this year has reached $2.041 billion - 88 per cent more than full 12 months of 2017 and the highest in four years. The increase in overall PE investment value has been despite the number of deals this year being lower than last year, and the sector facing a liquidity crisis.
According to data from Venture Intelligence, the NBFC sector has received a total of $2.04 billion in 25 PE investment deals so far this calendar year, compared with $1.09 billion in 32 deals during full 2017.
Among the biggest such deals was the $1,06-million KKR-GIC investment in HDFC Ltd in January 2018. Besides, two major PE deals were announced last week — TPG Growth-led $42-million equity investment in Ess Kay Fincorp, and the Rs 2-billion investment by Norwest Venture Partners X, CDC Group Plc, UK’s Development Finance Institution and P Surendra Pai in Chennai-based Veritas Finance Pvt Ltd. 

The article further states:
..you could see more deals in the pipeline being announced in the coming months, as many funds believe the present time is an opportunity to acquire portfolios and assets at reasonable valuations.
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.

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