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Indian companies signed as many as 393 private equity deals totalling USD 9.67 billion in the January-November period of this year, registering an increase of 36.38 per cent over the corresponding period a year ago, says a report.
According to global assurance, tax and advisory firm Grant Thornton, in the January-November period of last year, corporate India had signed 380 private equity deals amounting to USD 7.09 billion.
Meanwhile, the month of November saw 32 deals amounting to USD 708 million, which was almost double in value terms over last year when there were 35 transactions worth USD 388 million.
"The year-to-date deal value in 2013 increased by 36 per cent as compared to year-to-date November 2012 values," the report said, adding that "PE activity in November 2013 were largely driven by the pharmaceutical sector."
KKR's investment of USD 200 million in Gland Pharma Ltd was termed as the deal of the month.
Other major private equity deals of November include Baring Private Equity's USD 131.61 million investment in Hexaware Technologies; International Finance Corporation's USD 125 million investment in Yes Bank and Sequoia Capital and Info Edge's USD 37 million investment in Zomato Media.
According to the report, the top five PE deals accounted for 73 per cent of the total PE deal values.
A sector-wise analysis shows that IT & ITeS attracted deals worth USD 243 million that amounted to 34 per cent of the total deal pie, followed by Pharma (USD 201 million, 28 per cent); Banking and financial (USD 154 million, 22 per cent); Power & energy (USD 44 million, 6 per cent) and real estate (USD 40 million, 6 per cent).