New Delhi: Private equity deals witnessed a 24 percent surge in value and volume terms this year, with 347 transactions valued at USD 7.7 billion announced during the period, a 24 percent jump vis-a-vis the corresponding period last year.
According to consultancy firm Grant Thornton, PE deals worth USD 7.7 billion were announced this year through 347 transactions compared to USD 6.2 billion by way of 253 deals in 2010.
The Grant Thornton's Dealtracker report has taken into consideration deals up to December 9, 2011.
The deal activity in the private equity space has been increasing over the last three years as from USD 3.4 billion in 2009 it increased to USD 6.2 billion in 2010 and then strengthened further to USD 7.7 billion this year.
On the findings, Grant Thornton India Partner & Practice Leader Valuations Srividya CG said: "Pure play PE has increased in both value and volumes over 2010. PE investments continued to see increasing level of activity led by Real Estate and Infrastructure sectors."
A sector wise analysis showed that real estate and infrastructure management witnessed the maximum deals worth USD 1,656 million followed by automotive (USD 1,006 million), power and energy was in the third position (USD 21 billion), ahead of banking and financial services with (USD 816 billion) and IT and ITeS (USD 783 billion).
The top five sectors contributed to 67 percent of PE deal values for the year, Grant Thornton said.
Among the top 10 PE investments in first half of 2011 are Government of Singapore and Bain Capital pumping in USD 850 million into Hero Investment Private Ltd.
Other major transactions include Apollo Global Management investing USD 350 million in Welspun Corp and Texas Pacific Group infusing USD 257 million in Shriram Capital.
First Published: Sunday, December 18, 2011, 13:57