Public Equity Deals Registered a 20% Rise on Fourth Quarter of 2014-2015


Published Date : Apr 02, 2015

Private Equity Investments in India registered a rise by whopping 20% as direct consequence to ascending blockbuster deals in the e-commerce. The news on magnified investments was reported as the fourth quarter ended in March 2015. 

The overall worth of the deal stood at around US$2,646 million as the fourth quarter of the 2014-2015 financial year ended as compared to US$2,212 million recorded in the year before. However, the number of deals registered fell by 36% to 124 deals compared to the 132 transactions with regards to the previous quarter. 

According to a leading research service, Venture Intelligence reported a public equity worth of more than US$100 million during the fourth quarter compared to four transactions on the same line, which were initiated around the same time last year.

IFC was reported to have contributed the largest investment of US$260 million funding to Bandhan Financial Services. It is a microfinancier-turned bank license holder. Meanwhile, Ujjivan Financial Services, which is yet another microfinance agency, was successful to pocket investments worth US$100 million from a cluster of investors that included IFC, CDC Group, and CX Partners. 

Hospital operators such as Medanta Medicity and Manipal Health were also successful to attract investments worth US$100 million plus rounds. While Manipal pocketed US$150 million from companies such as TPG Capital, Medanta got US$114 million from Temasek. However, the deal between Medanta and Temasek was initiated via a secondary purchase from Punj Llyod. 

ShopClues.com cracked down the largest ecommerce deal worth a whopping US$100 million, during the fourth round. The amount is funded by Tiger Global, who is also a key investor for ShopClues rival Flipkart. 

The power sector also registered impressive returns on investment, with IDFC Alternatives agreeing to invest US$81 million to Diligent Power, an SPV that executes thermal power project at Chhattisgarh.