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PE investments in India show steady signs of recovery

Private equity investments in India in quarter one 2010 climbed to the highest level in six quarters as a rally in equities helped stoke a revival in appetite of investors, according to a report by Arc Financial Services.

The quarter saw 69 deals bringing in USD2.2bn.

The key trend on the private equity investments front during Q1 was the re-emergence of appetite for large ticket deals.

The latest quarter witnessed as many as six investments over USD100m, the highest since quarter three 2008.

The telecom, media and technology sectors continued to dominate in Q1, witnessing 25 per cent of the total deal volume.

The agriculture and outsourcing sectors witnessed deals for the first time in the last five quarters.

The largest investment during the quarter was the USD425m investment into power generation firm Asian Genco by General Atlantic, Morgan Stanley, Norwest, Goldman Sachs and Everstone.

The most active PE fund in Q1 was Sequoia Capital making five deals by investing USD36.7 and USD91.9m in a consortium.

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