M&A and PE deals rise 34 % to $48 bn in 2017
India Inc. sealed deals (M&A and PE) worth $47.8 billion in YTD 2017, up by 34 per cent over YTD 2016 and recording a six year high in deal values which was primarily driven by big ticket transactions. Notwithstanding the significant rise in the deal value, the number of transactions declined to 882 from 1,142 recorded in YTD 2016, according to Grant Thornton India LLPIn YTD 2017, in spite of uncertainty among PE investors on the impact of GST on potential investee companies, the deal activity exhibited tremendous resilience with a 74 per cent growth compared to the corresponding period previous year, said Prashant Mehra - Partner at Grant Thornton India LLP As compared to the previous quarter, overall deal value for this quarter witnessed robust 36 per cent increase, while volumes declined by 29 per cent. The growth in deal value was mainly driven by big ticket PE investments. The year to date saw 32 deals valued at and over $100 million accounting for 70 per cent of total PE .