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PE investments worth $17.6 bn reach all-time high in first 9 months of 2017

SoftBank's mega bets on Internet and mobile companies account for 24% of the total investment pie

Press Trust of India  |  New Delhi 

PE investments worth $17.6 bn reach all-time high in first 9 months

Private equity have hit an all-time high this year with worth of $17.6 billion in the first nine months, largely driven by big-ticket transactions, says a report.

According to Venture Intelligence data, private equity firms invested about $17.6 billion in in first nine months of 2017, sailing past the previous high of $17.3 billion in 2015.

The year has already recorded as many as 21 over $200 million in size, in addition to 15 between $100-200 million, the report said.

The mega have been dominated by four sectors -- Internet and mobile; infrastructure; IT services and and BFSI (Banking, and Insurance).

SoftBank's mega bets on Internet and mobile account for 24 per cent of the total investment pie.

According to the report, over $4 billion of investment value -- 24 per cent of the total -- has been committed by Japan-based Its included $250 million in budget hotel aggregator Oyo, $1.4 billion in mobile wallet leader and $2.5 billion in e-commerce leader

The report further said PE firms invested about $5.7 billion across 106 deals during July-September 2017, second highest after the March quarter that saw $6.4 billion investment across 163 transactions.

The September quarter recorded as many as 13 investments above $100 million compared to 10 in the same period last year.

SoftBank's $2.5 billion investment in was the largest during the September quarter, the next three being accounted for by BFSI

Some of the major PE transactions in July-September were Carlyle's $300 million in SBI Cards; the $260 million raised by RBL Bank and the $240 million buyout of investor services firm Karvy Computershare by General Atlantic.

First Published: Mon, October 02 2017. 13:27 IST