Grant Thornton's Monthly Dealtracker Report - August 2014

The key highlights of the report are as follows:

- The overall deal activity in the month of August witnessed an aggregate of USD 1.6bn worth of deals (95 deals). This month showed relatively lower deal value compared to the month of July 2014 which witnessed total deal value of USD 8.39bn (110 deals), which had some large deals, including Reliance-Jaypee, Diageo-United spirits and PE deals including investment in Flipkart and ReNew power amongst others

- The volume of deals in the PE space continue to increase in 2014

- Aggregating a total deal value of USD 32.6bn (762 deals) in YTD'14, the overall deal sentiment in India has remained consistently high since Q2 2014, surpassing the level of value & volume recorded in the past two years

- The Energy & Natural Resources sector has been active this year with 25 deals aggregating USD 4.1bn so far, while the IT & ITES sector continues to top the charts both in the M&A and PE space

Mr. Harish HV - Partner at Grant Thornton India LLP (an assurance, tax and advisory firm) said, "Mr. Harish HV - Partner at Grant Thornton India LLP (an assurance, tax and advisory firm) said, "August has been a relatively dull month as the overall deal activity saw an aggregate of USD 1.6bn worth of deals (95 deals), which is relatively lower deal value compared to the month of July 2014 which witnessed total deal value of USD 8.39bn (110 deals). However, we see the overall trend continuing in terms of quantity of deals. We have seen some very interesting deals in the infrastructure and manufacturing sector among the corporate M&A, and we continue to see an uptick in the private equity and cross-border deals as we go along. At an overall level deal numbers and values are up this year compared to the previous two years and we expect that this year will end with much better number compared to the previous two on M & A.

We expect September to witness the same momentum as August. While we can expect good volume, we do not see any big ticket deal in the pipeline currently which may happen in the following months. Again, private equity is very strong in the e-commerce and dot com space and we will see more of that in the coming months."

Source : Equity Bulls

Keywords