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US$ 12.7 billion pvt equity investments in India in 2019

Data from Refinitiv reveals that private equity investment in India for the first nine months of the year stood at US$ 12.8 billion, the highest in the past six years for comparable periods for which data was analysed. The findings also suggest that there were six secondary sales in 2019, compared with eight in the previous year. This is despite the fact that there were 3 PE exits in Indian companies through initial public offerings (IPOs) this year.

“Private equity investors take a longer term view on businesses and view the current slowdown as more cyclical than structural and have used the opportunity over the last few quarters to invest in high quality companies in consumer, financial services and digital sectors as well as operationally stable infrastructure assets which have been more resilient to slowdown,” said Puneet Renjhen, executive director, Avendus Capital.