At $2.8 bn, PE exits doubled in June quarter

Majority of the top exits were through public market sale, says Venture Intelligence data

Exits by private equity (PE) entities during the June quarter doubled from the corresponding period a year before, to $2.8 billion (Rs 8,000 crore) in 61 deals, mainly driven by public market sales.

The June quarter of 2016 had seen $1.36 bn of exits in 53 deals. The March quarter of 2017 had seen a record value of exits at $3.2 bn in 58 deals, according to market research firm Venture Intelligence.

Exits during the quarter were led by SAIF Partners’ from One97 Communications, which runs Paytm, for a return multiple of 26.5 time. SoftBank acquired the stake for $400 million. Three