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PE firms invest USD888m in Indian companies in Q2

Private equity firms invested about USD888m across 44 deals during the quarter ended June 2009, according to a study by Venture Intelligence.

Private equity firms invested about USD888m across 44 deals during the quarter ended June 2009, according to a study by Venture Intelligence.

While the amount invested during the latest quarter was significantly lower than that during the same period last year, which witnessed USD2,587m invested across 92 deals, it was higher compared to the immediate previous quarter when USD612m was invested across 43 deals.

Among the larger investments during the quarter was the additional capital raised by telecom infrastructure firm Quippo Telecom from its existing investors, IDFC PE and Oman Investment Fund.

The IT and ITES industry registered 12 deals worth USD67m during Q2 2009, followed by healthcare and life sciences with six deals worth USD129m and BFSI with six deals worth USD116m.

‘While IT and ITES continued to attract the most number of PE investments, investments, in the industry have declined in both value and volume terms for the fourth straight quarter,’ says Arun Natarajan, chief executive of Venture Intelligence.

Late Stage and VC-type investments accounted for 15 deals (34 per cent) each during Q2.

‘Buyouts made a comeback during Q2 ’09 registering three deals after virtually disappearing in Q1,’ Natarajan adds.

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