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▪ May 2018 witnesses 52 Private Equity (PE) investments worth about INR 27,230 Cr ($4 Billion)
▪ The largest PE investment is Temasek's buyout (with Schneider Electric ) of L&T’s Electrical and Automation business
▪ IT companies topped the industry table (by value) ▪ Delhi tops the chart for most investments in a City ▪ Month witnesses 22 PE exits that harvested about INR 12,000 Cr (about $1.8 Billion) ▪ The largest exit is the record INR 80,800 Cr ($12 Billion) exit by investors in E-Commerce
leader Flipkart ▪ IDFC agrees to sell its infrastructure asset management business to Global Infrastructure
Partners
Venture Capital Investments
▪ May 2018 witnesses 20 VC investments worth about INR 596 Cr ($88 million) ▪ The largest VC investment is the ~INR 115 Cr ($17 million) Series B investment in
Bizongo ▪ IT companies top the industry table (by volume & value) ▪ Bangalore tops the chart for highest investments in a City ▪ Month witnesses 10 VC exits that harvest about INR 81,770 Cr (about $12.1 Billion)
Angel Investments
▪ Super Angels and Angel Networks make 9 investments (compared to 14 deals in May 2017)
▪ The largest investment round involving angel investors, announced in May 2018, is the INR 28 Cr ($4.2 million) investment in telemedicine firm mfine by Mayur Abhaya (Founder of Lifecell) along with Prime Venture Partners and Stellaris Ventures
EXECUTIVE SUMMARY
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May 2018 witnessed 52 Private Equity (PE) investments worth $4 Billion (about INR 27,230 Cr) compared to 54 investments worth $2.8 Billion (about INR 17,920 Cr) in May2017. The value of investments increased 52% from the corresponding year-ago and doubled compared to the immediate previous month of April 2018 (which registered 61 investments worth $2.1Billion or ~INR 13,600 Cr). Note: The PE investment figures in this Report include Venture Capital (VC) type investments, but exclude PE investments in Real Estate.
The largest PE investment announced in May 2018 was the INR 5,075 Cr investment commitment ($760 million) by Temasek - as a part of an INR 14,000 Cr buyout of L&T’s Electrical and Automation business in partnership with Schneider Electric. (See Appendix for a listing of investments during the month.)
PRIVATE EQUITY INVESTMENTS
Private Equity Investments in May 2018 : 52 Deals, $4 Billion (~ INR 27,230 Cr)
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IT & ITeS companies, led by the mega investment by Partners Group in IT Services firm GlobalLogic, attracted the most - at $1.3 Billion. The largest investment - with disclosed value - was the $125 million by Temasek and Paypal in payments firm Pine Labs.
Manufacturing companies came in next led by the $760 million buyout of L&T’s E&A business.
Retail came in third led by Partners Group and Kedaara Capital’s investment in Vishal Megamart.
PRIVATE EQUITY INVESTMENTS
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* See Appendix for stage definitions
PRIVATE EQUITY INVESTMENTS
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PRIVATE EQUITY INVESTMENTS
Investments by Industry
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May 2018 witnessed 20 VC-type investments* worth INR 596 Cr ($88 million), compared to 36 deals (worth $84 million) in April 2017. The largest VC investment announced during May 2018 was the ~INR 115 Cr ($17 million) Series B investment in B2B E-commerce company Bizongo led by B Capital and IFC with participation from existing investors Accel India and IDG Ventures. (*See appendix for definitions.)
VENTURE CAPITAL INVESTMENTS
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VENTURE CAPITAL INVESTMENTS
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May saw 22 PE-VC exits that harvested about INR 97,600 Cr ($14.5 Billion) - compared to 28 deals that harvested $1.2 Billion (INR 7,800 Cr) in May 2017.
The largest exit during the month – and the single largest ticket exit deal in the history of Indian PE-VC - was the record INR 80,800 Cr ($12 Billion) harvest made by investors in Flipkart, as part of the E-Commerce leader’s $16 Billion acquisition by US-based retail giant Walmart Inc. Flipkart’s early investors included Accel, Tiger Global and Naspers. (See Appendix for a listing of exits during the month.)