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India to remain an extremely attractive market for global PE players in 2021 India is likely to be one of the fastest growing major economies over next decade. Mohit Ralhan January 01, 2021 / 01:44 PM IST The year 2020 proved to be a year of profound disruptions with the onset of COVID-19 pandemic which triggered major economic and societal changes in the country. The economy faced major challenges amidst nationwide lockdown, labour disruptions, demand contraction and capital inadequacy, among other issues. However, despite various concerns, the Private Equity (PE) space showed optimism as the PE investment activity largely kept pace and momentum of the previous year. During the initial months of slowdown, private equity investors showed a more cautious approach focussing on existing portfolio. But as the likely impact on various sectors started to take shape, the PE investors went into full drive to cherry pick ....
PE/VC investments during January to November declined by 8 per cent to $41.4 billion from $44.9 billion in 2019. Headline PE/VC investment performance in 2020 was significantly propped up by PE investments of $17.3 billion in Reliance Group entities which accounted for 42 per cent of all PE/VC investments in 2020. The IVCA-EY report said, If we were to exclude these one-off PE investments in the Reliance Group entities, PE/VC investments in 2020 would be significantly lower at $24.1 billion, a 46 per cent decline compared to the same period last year. In terms of volume, number of deals in 2020 for the January to November period declined by 11 pre cent compared to same period last year (852 deals in 2020 vs. 953 deals in 2019). ....
PE-VC investments fell by 8% in January-November December 17, 2020 × Private equity and venture capital (PE-VC) investments fell by a marginal 8 per cent during January-November to $41.4 billion across 852 deals, on the back of the $17.3 billion raised by Reliance group companies. Reliance group entities accounted for 42 per cent of all PE-VC investments during the reporting period, while $4.9 billion-exits were recorded across 129 deals. The number of deals for the period fell by 11 per cent compared to same period last year (953 deals in 2019), according to a report by Indian Private Equity & Venture Capital Association and EY (IVCA-EY). “Due to large investments in the group entities of Reliance Group (Jio Platforms and Reliance Retail) during the second quarter and second-half of 2020, headline numbers for PE-VC investments in 2020 till date have been far better than anticipated. However, if we were to exclude the Reliance group entity deals, PE-VC inves ....