PE/VC monthly roundup

Our monthly reports highlight the Private Equity/Venture Capital investment activity in India.

Key highlights of October 2021

According to the IVCA-EY monthly PE/VC roundup, October 2021 recorded investments worth US$12.9 billion across 127 deals including 21 large deals worth US$10.9 billion. Exits recorded US$5.1 billion across 24 deals in October 2021, with five secondary exits worth US$4.9 billion.

  • Investments: PE/VC investments in October 2021 recorded the highest ever monthly value at US$12.9 billion on the back of large buyouts. PE/VC investments in October 2021 were 71% higher than October 2020 (US$7.5 billion)
  • Pure play PE/VC investments (i.e., excluding investments in real estate and infrastructure) too recorded highest ever monthly value at US$12.1 billion, almost 2.5 times the value recorded in October 2020 (US$4.8 billion) and September 2021 (US$4.7 billion) and accounted for 94% of all PE/VC investments in October 2021.
  • By deal type, buyouts were the highest in terms of value in October 2021 at US$6 billion across six deals, twice the value recorded in October 2020 (US$2.8 billion) and 58% higher compared to September 2021 (US$3.8 billion). 
  • From a sector point of view, technology was the top sector in October 2021 with US$3.6 billion in PE/VC investments across 30 deals.

Spotlight: Trends in secondary exits

  • Secondary exits in 2021 have been the highest ever both in terms of value and volume recording US$12.9 billion cross 52 deals which is more than the total value of secondary exits in the previous five years combined.
  • In terms of value, technology sector has accounted for 37% (US$11 billion) of all secondary exits by value since 2011.
  • In terms of number of deals, financial services recorded maximum deals (57 deals) followed by healthcare (37 deals) and technology (32 deals).
  • Westbridge has been involved in maximum secondary deals (13 deals) followed by Temasek (12 deals), Blackstone (12 deals), Sequoia (11 deals), Warburg (10 deals) and KKR (9 deals).
  • Exits: October 2021 recorded 24 exits worth US$5.1 billion compared to US$288 million recorded in October 2020 and US$2.5 billion recorded in September 2021.
  • Exits via secondary sale were the highest in terms of value in October 2021 at US$4.9 billion across five deals, accounting for 96% of total value of all exits.
  • Fundraise: October 2021 recorded total fundraises of US$70 million compared to US$1.5 billion raised in October 2020 and US$740 million raised in September 2021. 

Download the PE/VC roundup for October 2021

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