PE holdings getting twofold to $8 billion
Private equity and Venture Capital Company invested an enormous $7,974 million in approximately 325 deals in India in the course of 2010 calendar year, according to statistics published by PE/VC research firm Venture Intelligence.
PE reserves in 2010 nearly double to $7.9 billion as in comparison with $4,068 million throughout 290 deals in the year 2009. This figure excludes the deals done in real estate.
PE/VC exits were much exciting segment drift during 2010 with 121 dealings, counting 24 through IPOs. PE- supported companies raised approximately $2.20 billion through IPOs, whereas 2009 observed only 66 liquidity actions, comprising of seven through IPOs. The biggest IPO by a PE-supported group in the year was SKS Microfinance IPO with $359 million.
In the midst of exits through planned sales, ChrysCapital's posted a $400 million sale of its investment in Infosys Technologies (where it had put in approximately $175 million during May 2008) was amid the much noteworthy exits through public market sales.
Sequoia Capital India and Actis exited OTC drug company Paras Pharmaceuticals through sale to UK-originated Reckitt Benckiser for $726 million. Actis had possessed a 63% holding in Paras.