Mergers and acquisitions (M&A) and private equity (PE) deals together totaled 467, valued at $14.9 billion, a 9 percent increase in volumes, according to Grant Thornton Bharat Dealtracker.
This increase was largely due to four high-value deals made by the Adani Group in the industrial materials and ports sectors, which accounted for 52 per cent of the total M&A value for the quarter.
The second quarter of FY25 featured one billion-dollar deal and 30 high-value deals (over $100 million), marking a 58 percent increase in high-value deals compared to the previous quarter, which had only 19 high-value deals, including three. multi-billion dollar deals.
"The quarter witnessed strong private equity activity and large domestic deals. Despite a decline in cross-border deals due to geopolitical uncertainties, domestic investment remained strong," said Shanthi Vijetha, Growth Partner at Grant Thornton Bharat.
Traditional sectors such as pharmaceuticals and manufacturing also recorded strong deal flows, together contributing almost half of the deal value.
“With the government entering its third term after the recent elections, the industry anticipates policy continuity, which should positively drive deal activity,” Vijetha added.
Indian companies are increasingly investing in the country, reflecting strong confidence in the local investment climate.
M&A activity in the second quarter of 2024 recorded 132 deals worth $6.2 billion, representing a slight increase in volumes.
In Q2 2024, the PE landscape saw significant growth, recording 335 deals totaling $8.7 billion, marking a 9 percent increase in volume and a notable 55 percent increase in value since the first quarter of 2024.
There were 20 qualified institutional placements (QIPs) for $2.3 billion, showing an increase in both values and volumes from the previous quarter, with volumes marking the second highest since the fourth quarter of 2017, the report mentions.
In terms of IPOs, there were 14 IPOs worth $4.2 billion in Q2 2024, representing the highest quarterly IPO size since Q2 2022.
The retail and consumer sector emerged as a dominant force in transaction activity despite a 7 percent decline in volumes, showing an 18 percent increase in values from the first quarter of 2024.
This increase was largely due to four high-value deals made by the Adani Group in the industrial materials and ports sectors, which accounted for 52 per cent of the total M&A value for the quarter.
The second quarter of FY25 featured one billion-dollar deal and 30 high-value deals (over $100 million), marking a 58 percent increase in high-value deals compared to the previous quarter, which had only 19 high-value deals, including three. multi-billion dollar deals.
"The quarter witnessed strong private equity activity and large domestic deals. Despite a decline in cross-border deals due to geopolitical uncertainties, domestic investment remained strong," said Shanthi Vijetha, Growth Partner at Grant Thornton Bharat.
Traditional sectors such as pharmaceuticals and manufacturing also recorded strong deal flows, together contributing almost half of the deal value.
“With the government entering its third term after the recent elections, the industry anticipates policy continuity, which should positively drive deal activity,” Vijetha added.
Indian companies are increasingly investing in the country, reflecting strong confidence in the local investment climate.
M&A activity in the second quarter of 2024 recorded 132 deals worth $6.2 billion, representing a slight increase in volumes.
In Q2 2024, the PE landscape saw significant growth, recording 335 deals totaling $8.7 billion, marking a 9 percent increase in volume and a notable 55 percent increase in value since the first quarter of 2024.
There were 20 qualified institutional placements (QIPs) for $2.3 billion, showing an increase in both values and volumes from the previous quarter, with volumes marking the second highest since the fourth quarter of 2017, the report mentions.
In terms of IPOs, there were 14 IPOs worth $4.2 billion in Q2 2024, representing the highest quarterly IPO size since Q2 2022.
The retail and consumer sector emerged as a dominant force in transaction activity despite a 7 percent decline in volumes, showing an 18 percent increase in values from the first quarter of 2024.
