PE drives deal momentum

Deals have witnessed reasonable momentum this year rising in value to $38.4 bn in YTD 2015 as compared to
$35.1 bn in the same period last year (9% growth in value and 36% in volumes). Private Equity (PE) deals drove this growth contributing $12.8 bn, with IT and ITES accounting for 40 % of the money. Mergers & Acquisitions (M&A) deals remained the same as last year in both value and volume terms though inbound investments rose 40%. Grant Thornton India LLP estimates that the current macroeconomic environment, lower commodity prices and positive policy action are likely to accelerate transaction activity in the country.