Mumbai: March 2019 recorded an all-time high Private Equity/Venture Capital (PE/VC) investments of $7 billion. This is more than twice the value recorded in March 2018 according to EY’s Private Equity Monthly Deal Tracker.
The report points out – March was the best month ever for PE/VC investments, which is 30% higher compared to the previous high of $5.4 billion recorded in August 2017.
The number of deals in March increased to 89 i.e. a 44% increase against the same period last year. According to the report, there were 13 large deals (value greater than $100 million) aggregating $6 billion in March 2019 compared with four large deals worth $3 billion in March 2018.
Brookfield’s $1.9 billion buyout of RIL’s east-west pipeline was the largest deal during the month.
While buyouts and private investments in public equity (PIPE) deals remained strong, exits in March 2019 declined by 34% in terms of value on a year-on-year basis, the report added.
There was only one large exit worth $131 million in March 2019 compared with four large exits worth $626 million in March 2018, according to the report.