India Inc strikes 393 PE deals totalling $9.6 bn in Jan-Nov

Meanwhile, the month of November saw 32 deals amounting to $708 mn, which was almost double in value terms over last year

Indian companies signed as many as 393 private equity deals totalling $9.67 billion in the January-November period of this year, registering an increase of 36.38% over the corresponding period a year ago, says a report.

According to global assurance, tax and advisory firm Grant Thornton, in the January-November period of last year, corporate India had signed 380 private equity deals amounting to $7.09 billion.

Meanwhile, the month of November saw 32 deals amounting to $708 million, which was almost double in value terms over last year when there were 35 transactions worth $388 million.

"The year-to-date deal value in 2013 increased by 36% as compared to year-to-date November 2012 values," the report said, adding that "PE activity in November 2013 were largely driven by the pharmaceutical sector."

KKR's investment of $200 million in Gland Pharma Ltd was termed as the deal of the month.

Other major private equity deals of November include Baring Private Equity's $131.61 million investment in Hexaware Technologies; International Finance Corporation's $125 million investment in Yes Bank and Sequoia Capital and Info Edge's $37 million investment in Zomato Media.

According to the report, the top five PE deals accounted for 73% of the total PE deal values.

A sector-wise analysis shows that IT&ITeS attracted deals worth $243 million that amounted to 34% of the total deal pie, followed by Pharma ($201 million, 28%); Banking and financial ($154 million, 22%); Power & energy ($44 million, 6%) and real estate ($40 million, 6%)