Indian Private Equity Deals Decline by a Third to $1.85B in Q1 2013; M&A Also Dips by a Quarter to $4.76B

Indian Private Equity Deals Decline by a Third to $1.85B in Q1 2013; M&A Also
                         Dips by a Quarter to $4.76B

  PR Newswire

  NEW DELHI, April 10, 2013

NEW DELHI, April 10, 2013 /PRNewswire/ --

VCCEdge, the financial research platform of The VCCircle Network, has released
its Quarterly Deal Report, summarising the Indian deal environment in the
first quarter of CY2013. Spread over 29 pages, the report presents statistics
& analysis of Private Equity, M&A and Public Offering deals in India, with a
special focus on investment trends evolving across various sectors.

Report Highlights:

Private Equity:

  *Private equity investments in Q1 2013 were recorded at $1.8 billion; a
    quarter less than the $2.45 billion worth of investments recorded during
    the corresponding period last year. Deal volume declined by a third as
    well, falling from 186 deals to 123 deals.
  *The quarter was lucrative for early-stage investments with over $53
    million worth of private equity capital being invested across 45 startups,
    accounting for 37% of the total deals.
  *Financials, Utilities and Industrials were the most targeted sectors with
    investments worth $771 million, $365 million and $251 million,
    respectively. Together, these sectors accounted for nearly 75% of the
    total private equity capital invested in Q1 2013.
  *The $368 million investment by a clutch of realty funds including
    Blackstone Real Estate Partners, Embassy Property Developments, GIC
    Special Investments and HDFC Property Fund in Vrindavan Tech Village was
    the most significant deal seen during the quarter. This was followed by
    the $188 million invested in NTPC Ltd. by GIC Special Investments.

Following is the sector break-down of private equity deals in Q1 2013

           Sectors         Volume       Value($ mm)   Average Deal Size ($ mm)
    Consumer Discretionary 23            140                      12
    Consumer Staples       4             47                       12
    Financials             24            771                      37
    Healthcare             13            120                      12
    Industrials            13            251                      28
    Information Technology 39            38                       2
    Materials              3             113                      38
    Utilities              4             365                      91
    Total                  123           1845

Mergers & Acquisitions:

  *In Q1 2013, M&A activity was pegged at $4.76 billion spread across 199
    deals, a dip of 24% in deal value as against the $6.27 billion worth of
    M&A from 198 deals recorded during Q1 2012.
  *Healthcare ruled the deal value score card, accounting for 47% of the
    total M&A deal value during the period. Other sectors to witness
    significant M&A valuations were Consumer Discretionary, Utilities and
    Industrials.
  *The landmark deal of the quarter was the $1.6 billion acquisition of
    Bangalore-based Agila Specialties by Mylan Inc. from Strides Acrolab
    Ltd.This was followed by FPM Power Holding Ltd. acquiring 70% stake in
    Singapore-based GMR Energy Singapore for $530 million from GMR
    Infrastructure Ltd.

Following is the sector break-down of M&A deals in Q1 2013

           Sectors             Volume       Value($ mm)   Average Deal Size ($ mm)
    Consumer Discretionary     49           777                      43
    Consumer Staples           11           92                       23
    Energy                     5            50                       25
    Financials                 29           265                      29
    Healthcare                 15           2224                     222
    Industrials                34           481                      28
    Information Technology     30           65                       8
    Materials                  18           211                      18
    Telecommunication Services 2            NA                       NA
    Utilities                  6            594                      198
    Total                      199          4761

Report Content

    I. EXECUTIVE SUMMARY
    II. Private Equity
    Private Equity Investments
    - Overview
    - Deal Type Analysis
    - Sector Analysis
    - Top 10 Private Equity Investments
    - Regional Analysis
    Private Equity Exits
    - Overview
    - Deal Type Analysis
    - Sector Analysis
    -Top 10 Private Equity Exits
    III. Mergers & Acquisitions
    - Overview
    - Deal Type Analysis
    - Sector Analysis
    - Top 10 Mergers & Acquisitions
    - Regional Analysis
    IV. Public Offerings
    - Overview
    - Top 5 Initial Public Offerings
    - Deal Type Analysis
    V. Sectoral Spotlight
    Publication Date: April 10, 2013
    Format: PDF
    Price: Rs. 2,299/-

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directories, private and public company information, financials, shareholding
structures, professionals & key developments related to companies, VCCEdge has
all of them in one place.

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headquartered in New Delhi with presence in Mumbai and Bangalore. TheVCCircle
Network is relied upon by an influential global community of deal makers,
entrepreneurs and professionals for trusted content and information related to
Indian investments, M&A, venture capital, private equity, investment banking,
public equity, and emerging companies and sectors.For more details, please
visit www.vccircle.com .

Primary Media Contact: Ritu Gupta, ritu.gupta@vccircle.com , 91-9717971377

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Contact: PRN