Private equity (PE) dealmaking was overshadowed by angel and venture capital funding that buoyed aggregate private investments in the country to a record high this year. While e-commerce and internet as a business at large continued to drive top PE deals, renewable energy came across as another key theme, as per VCCEdge, the data research platform of VCCircle.
Here are the top PE deals of the year:
The biggest PE activity this year involved a buyout that was essentially not an investment in India but an overseas asset sale by an Indian firm. Centerbridge Partners acquired German wind turbine manufacturer Senvion from Suzlon Energy. Although Senvion also has a presence in India and has been making small turbines in the country for the past three years, bulk of its business is overseas. For Suzlon, the deal marked a large asset sale to shrink its debt pile up.
Flipkart made it to the top charts for the second year running as it scooped $700 million in its seventh round of funding since 2012 amidst cutthroat competition with Amazon and Snapdeal. Existing investors Tiger Global and Steadview Capital led this round with participation from others. The firm, which put the Indian startup ecosystem on a global map, has raised $3.1 billion till date and the latest round of funding valued it at $15.2 billion.