PE firms invest $4 bn in Apr-Jun quarter: Report

Private Equity firms have invested about $4 billion through 128 deals during the quarter ended June, up 80 per cent year-on-year in value terms, says a report.

According to data from Venture Intelligence, the invested amount was 80 per cent higher than $2.24 billion in the April-June quarter last year infused through 115 transactions.

The latest figures take the total PE investments in 2015 to $6.87 billion through 288 transactions, 53 per cent more than the $4,480 million across 252 transactions in the first six months of 2014.

The figures exclude PE investments in real estate.

There were several big-ticket deals in the second quarter of this year, the report said. There were 11 PE investments worth $100 million or more and 7 transactions were over $200 million during the second quarter of this year.

The largest investment during the April-June quarter was Baring Asia's $440 million buyout of Blackstone-backed ATM cash management services firm CMS Infosystems, followed by Olacabs' $400 million fund raise from a group of existing and new investors (including GIC, DST Global, Falcon Edge Capital and Accel USA).

Other major deals include, Advent International led $315 million buyout of a 34.4 per cent stake in Crompton Greaves Consumer Electricals from its promoter Avantha Group.

Sector-wise, IT and ITES companies grabbed 44 per cent of the investment by value terms (attracting $1.77 billion across 84 deals), followed by healthcare and lifesciences ($737 million across 10 transactions) and Energy ($309 million across 7 deals), the report said.