According to leading assurance, tax and advisory firm Grant Thornton, there were 70 transactions worth USD 3 billion, of which merger and acquisition (M&A) deals were worth USD 2.7 billion, while private equity transaction amounted to USD 0.3 billion, in February.
This represents a drastic decline of nearly 80.58 per cent from the year ago period, when the deal tally stood at a whopping USD 15.45 billion.
"With the 2013 budget being done and Government's focus to control fiscal deficit and bring back growth, we expect deal momentum to pick up in 2013 hopefully with cross-border action coming back in sectors like aviation, media, retail, pharma etc," Grant Thornton India Partner, Transaction Advisory Services Raja Lahiri said.
In February, inbound deals, wherein foreign firms or their subsidiaries acquired Indian entities, were the flavour of the month. In February 2013 there were $1.99 billion worth of deals through 7 transactions as compared to $0.27 billion by way of 9 deals in the corresponding month of 2012.
The total value of outbound deals, where Indian companies acquire businesses outside India, in February 2013 was stood at just $0.07 billion through 4 deals as compared to $0.44 billion via 5 deals during the year ago period.
Value of PE deals amounted to USD 0.30 billion (29 deals) in February 2013 as compared to USD 0.70 billion (45 deals) in the same month last year.
US generic drug maker Mylan's USD 1.8 billion buy out of the drug injectible business of Bangalore-based firm Strides Arcolab was the deal of the month, followed by Webhelp SA's acquisition of HEROtsc from the Hero Group for a total consideration of USD 123 million.
Other major deals during the month were Varun Beverages' acquisition of Pearl Drinks-Bottling business for USD 73 million, Bharat Light & Power's buyout of DLF's wind turbine business in Gujarat for USD 51 million and Thomas Cook India's 74 percent stake acquisition in IKYA Human Capital Solutions for USD 47 million.
One the PE front, action was seen in the space of BFSI, pharma, IT, real estate and infra, the report said.
Anda sedang membaca artikel tentang
India Inc deal value drops 80% to $3bn in February
Dengan url
https://citraasa.blogspot.com/2013/03/india-inc-deal-value-drops-80-to-3bn-in.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
India Inc deal value drops 80% to $3bn in February
namun jangan lupa untuk meletakkan link
India Inc deal value drops 80% to $3bn in February
sebagai sumbernya
0 komentar:
Posting Komentar