Advertisement
Saturday, Nov 27, 2021
Outlook.com
Outlook.com

PE Investment Inflows Plunge 30 Per cent In Q3 To $17 Billion: Report

The massive decline is despite a huge jump in volumes in Q3 at 457 deals involving 537 companies as against just 231 deals across 282 companies.

PE Investment Inflows Plunge 30 Per cent In Q3 To $17 Billion: Report
PE Investment Inflows Plunge 30 Per cent In Q3 To $17 Billion: Report
outlookindia.com
2021-10-06T08:54:30+05:30

Private equity inflows in the third quarter of 2021 fell by a massive 30 per cent to $16.91 billion from $23.95 billion a year ago, but almost doubled sequentially from $8.5 billion, shows an industry report.

The massive decline is despite a huge jump in volumes in Q3 at 457 deals involving 537 companies as against just 231 deals across 282 companies, shows the data collated by Refinitiv, an LSG Group entity that's a leading supplier of financial markets data and insights.

This quarterly spike has helped the inflows remain in the green in the first nine months of the year with fund inflows touching $29.7 billion, a tepid 1.5 per cent rise over a similar period in 2020, says the report, adding the number of deals in nine months grew 75.4 per cent year-on-year to 1,047 transactions led by high technology-led companies that captured 55 per cent of the money, followed by software sector with 28 per cent market share and the rest of the pie went to healthcare, consumer, and education.

Internet specific companies attracted maximum funds in 2021 with the total sum invested amount touching $16.43 billion from $5.23 billion in 2020, followed by software ($8.22 billion), as well as financial services ($1.66 billion).

The top 10 private equity deals in the year so far are the following: Flipkart Online Services raising $3.6 billion, Think & Learn $2.46 billion, Bundl Technologies $1.92 billion, Locodel Solutions $1.35 billion, Meesho Payments $870 million, Zomato $798 million, Pine Labs $700 million, Axelia Solutions $650 million, Mohalla Tech $647 million, and ANI Technologies $500 million.

(With inputs from PTI)

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Past And Present Of Mumbai Bandhs: Why Mumbaikars Are No More Scared Of It

Past And Present Of Mumbai Bandhs: Why Mumbaikars Are No More Scared Of It

History is witness to the reality that the fear of the Shiv Sena went away after Uddhav Thackeray took over as the chief. Many say that his moderate outlook has defanged the Shiv Sena and turned the roar into a meow.

Uttar Pradesh: One Week On, Mystery Shrouds Death Of 3 Dalit Girls

Uttar Pradesh: One Week On, Mystery Shrouds Death Of 3 Dalit Girls

The post-mortem report said that the three girls died 'when they got crushed after coming in front of a train that was passing through'.

1st Test, Day 3 LIVE: Patel, Ashwin Derail NZ; IND Take 49-run Lead

1st Test, Day 3 LIVE: Patel, Ashwin Derail NZ; IND Take 49-run Lead

It's Day 3 of the first Test at Kanpur's Green Park. Follow live cricket scores of India vs New Zealand as NZ chase IND's first innings total of 345.

‘Clock Can Be Reversed In J&K After Farm Laws Repeal’

‘Clock Can Be Reversed In J&K After Farm Laws Repeal’

Former Chief Minister and Member Parliament Dr Farooq Abdullah:'The restoration of early statehood and Article 370 is the only way forward. Otherwise, Kashmiris will continue to bleed and there will be hardly any progress in this part of the world'.

Advertisement