PE investments dip 37 pc to USD 905 mn in Nov: Thornton

Private equity investments in terms of volume declined to a 22-month low in November while deal values fell by 37 per cent to USD 905 million in the absence of big ticket investment, says a report.
There were 62 private equity deals worth USD 905 million in November this year, as against 91 such transactions worth USD 1.44 billion for the same month last year, says assurance, tax and advisory firm Grant Thornton.
"The month saw PE investment volumes decline to a 22-month low while deal values declined in the absence of big ticket investments in November," the report said, adding November 2015 saw one big investment worth USD 500 million dollar.

Despite slowing PE/VC investments, startups continued to show significant traction contributing more than 70 per cent of total deal volumes and with 20 per cent of deal values.
The month witnessed the largest equity funding in logistics startup with Warburg Pincus' USD 75 million investment in logistics firm Rivigo.
Other sectors such as energy & natural resources, IT & ITES and banking also attracted large investments over USD 50 million during the month.
"As the impact of demonetisation is yet to be seen, and the fate of GST is currently in a wait and watch situation, the developments may have a short term impact on deal closures," Prashant Mehra, Partner at Grant Thornton India LLP, said.

In general, the outlook for transactions seems to be healthy. Domestic M&A along with cross-border activity in core sectors will continue to be the space where most of the action is expected, Mehra added.