Economy News

Private equity investment down 77.5% to $3.8 billion in Q3 – Mintpaisa

Reflecting the overall decline in fund flows to startups, particularly since the war in Ukraine, private equity investments plunged 77.5% to $3.84 billion in the September quarter, according to a report. of the sector.

On a sequential basis, inflows decreased 43.5% from $6.80 billion in the June quarter and 77.5% from $17.05 billion in the September quarter 2021, according to data compiled by Refinitiv, a branch of the London Stock Exchange Group and a leader. financial market data provider.

The number of transactions also fell 14.6% to 408 from 478 year-on-year, but rose 14.6% from 356 in the June quarter.

Year-to-date, private equity investment fell 33% in the first nine months of 2022 to $19.6 billion, according to the report.

Internet and computer software companies have continued to attract funds, accounting for 68.6% of private equity dollars so far this year.

Companies in these sectors attracted $7.47 billion down 51.8% year-on-year and $5.96 billion down 29.3%, respectively, in the first nine months of the year .

However, the number of transactions in the Internet-specific entry sectors increased from 389 to 396 during the nine-month period.

Similarly, inflows into financial services companies fell 25.7%, while industrials fell 12.4%. However, transport saw its receipts increase by 56.8%, communications increased by 950.1% and computer equipment obtained 197.4% more funds.

The top 10 PE deals in the nine months of 2022 included VerSe Innovation ($827.7m), Think & Learn ($800m) Bundl Technologies and Bharti Airtel ($700m each), Tata Motors Electric Mobility ($494.7 million) Ntex Transportation Services ($330). million), Busybees Logistics Solutions ($324.7 million), Delhivery ($304 million), Renkube ($300 million) and EQX Analytics ($270 million).

Meanwhile, India-based private equity funds raised $8.98 billion in the first nine months of 2022, up 123.5% from $4.02 billion. National MOUs are currently sitting on deployable funds of $26 billion. PTI

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