| Log in

November Turns A Busy Deal Month

04 December, 2009

Private equity (PE) and venture capital (VC) firms cut, on an average, one transaction a day in November 2009, indicating clear signs of a pickup in deal activity. Although the absence of large PE transactions meant the total deal value was lower in November this year compared to same month last year, the number of deals rose to 29 against 22 in November 2008, according to data from VCCEdge, the financial research platform of VCCircle.

This was led by strong growth in VC and seed funding which accounted for more than half of all PE/VC deals last month. In the VC space those striking multiple deals include Intel Capital, Mumbai Angels and Gujarat Venture Finance Ltd’s SME Technology Venture Fund.

Of the total 29 deals struck in November, 15 were VC/seed funding deals against just seven such transactions in the same month last year. In the same period, PE deals continued to lag with 14 deals last month as compared to 15 PE transactions in November 2008.

Given that PE deals are typically of larger size, the overall deal value last month stood at $374 million as against $484 million in November 2008, a decline of 22%. A few PE/VC deal transaction value stands undisclosed for both the period but that it unlikely to swing the overall picture in value terms.

The top three deals (above $50 million) last month included Apollo Management’s investment in Dish TV through a GDR issue, Dar Capital deal for Indian Premier League’s theatrical rights and Blackstone’s investment in Gateway Distriparks. Over half of the deals were in the sub $10-million range.


Leave Your Comment
PE/VC 2009 Deal Scorecard Painted In Red

PE/VC 2009 Deal Scorecard Painted In Red

TEAM VCC 8 years ago
Private equity (PE) and venture capital (VC) deals suffered a 60% crash to close...
M&As Rule This Summer With 65 Deals In May

M&As Rule This Summer With 65 Deals In May

Pallavi S 7 years ago
The brutal heat of Indian summer did not stop deal-makers from striking one of...
Rewind 2014: PE investments hits highest level since Lehman collapse, M&As at 4-yr high

Rewind 2014: PE investments hits highest level since Lehman collapse, M&As at 4-yr high

TEAM VCC 3 years ago
Corporate deal activity revved up during the year with private investors signing...
No Comments

November Turns A Busy Deal Month

Powered by WordPress.com VIP