PE investments doubled in May thanks to Reliance's Jio Platforms deals

Private equity (PE) investments almost doubled in May when 58 deals worth $5.4 billion were made compared to $2.8 billion in the same month last year but just one company took the biggest share of the business pie.

Around $4.6 billion, or 85 per cent of the total deals, invested was in Jio Platforms, the digital arm of Reliance Industries. If not for Jio Platforms, PE/VC investments would have recorded a fourth straight month of decline. 

According to data from EY-IVCA, investments last month were 92 per cent higher compared to May 2019 ($2.8 billion) and 5.8 times the value