PRIVATE EQUITY | Cesar Tordesillas, India

India's PE investments drop 34% in June quarter

India's Private Equity firms invested 34% less T about $1,848 million across 102 deals during the quarter ended June.

This was according to a study by Venture Intelligence. The investment amount in the same was period last year US$2,798 million across 126 transactions.

June quarter numbers were also 10% less than that during the immediate previous quarter, which had witnessed $2,050 million being invested across 103 transactions.

There were only four PE investments worth over $100 million during Q2'12 compared to 10 such transactions in the same period last year and six during the immediate previous quarter, the Venture Intelligence analysis showed.

The largest PE investment during Q2'12 was Morgan Stanley Infrastructure Partners' investment of Rs.1,200 crore in Continuum Wind Energy, a Singapore-headquartered developer of wind assets in India. The second largest investment during the period was Fairbridge Capital acquiring a 77% stake in publicly listed travel services firm Thomas Cook (India) for Rs. 817.4 crore.

Warburg Pincus' acquisition of a 53.67% stake in publicly listed consumer finance company Future Capital Holdings for Rs.563 crore was the third largest.

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