August records investments worth $1.6 bn across 50 deals; Power sector at top


August records investments worth $1.6 bn across 50 deals; Power sector at top

Investments worth USD 1.6 billion across 50 deals were recorded in August this year, with buyout transactions increasing more than twice in terms of value compared to the same month last year, an EY report said.

Private equity and venture capital (PE/VC) investments till August 2018 have crossed USD 18.7 billion, 9 per cent higher compared to the same period last year, according to EY’s Private Equity Monthly Deal Tracker report released Thursday.  As per the report, August 2018 recorded USD 830 million across 18 exits.

“PE/VC activity continued its strong run with USD 1.6 billion investments received in August 2018. Till August-end, the sentiment towards India remained strong, with funds further adding to their dry powder, as evidenced by USD 2 billion raised during the month, adding to the already high levels of dry powder of close to USD 40 billion available for investment into India,” said Vivek Soni, Partner and National Leader Private Equity Services, EY. Read More

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