International and Emerging Markets Blog

Slow and cautious 2012, Indian deal activity set for recovery in 2013

Tuesday, January 22, 2013 | Posted by: Grant Thornton
Categories: India, India Watch Issue 19 | Tags: Sectors, M&A 2012, India Mergers and Acquisitions 2012, Deals 2012, Mergers, Internal Restructuring, India Private Equity 2012, India Domestic Deals 2012, Cross border deals 2012, Private equity 2012

A cautious deal making environment prevailed in 2012 with a significant decline in strategic M&A deal values and fewer bulge bracket deals as compared to 2011. The year saw M&A and PE in India clock up 1,001 deals totalling US$49 billion, as compared to 1,017 deals amounting to US$53 billion in 2011. Contrary to most expectations inbound M&A deal activity reverted to the single-digit levels seen in 2010 whereas outbound activity improved in 2012 as compared to 2011; PE activity continued its momentum driven by IT/ITES, pharma & healthcare and the real estate sectors.

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Home run: Domestic M&A and PE shore up deal activity in the face of cross border caution

Friday, October 12, 2012 | Posted by: Grant Thornton
Categories: India, India Watch Issue 18 | Tags: Sectors, Private Equity, M&A 2012, India Mergers and Acquisitions 2012, Domestic Deals 2012, Deals 2012, Mergers, Private Equity 2012, Internal Restructuring

Overall M&A activity continued to remain subdued in Q3 2012, with the quarter clocking up USD 4.42 billion in deal values, vis-à-vis USD 5.91 billion for the same quarter of 2011; domestic M&A however, continued to buck the trend, as with the previous quarters of the year. Private equity also showed an uptick: PE deals notched up a total of USD 2.31 billion in value for Q3 2012, as against a total deal value of USD 1.91 billion for Q3 2011.

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Domestic deal activity bucks the trend - Overall deal momentum sustained

Monday, April 16, 2012 | Posted by: Grant Thornton
Categories: India, India Watch Issue 16 | Tags: sectors, IPO, Private Equity, M&A 2012, India Mergers and Acquisitions 2012, Domestic Deals 2012, Internal restructuring, Deals 2012, first quarter 2012, Mergers, deals 2012, QIP

The quarter witnessed M&A deal activity of US$18 billion, in line with activity levels seen during the corresponding period in 2010 and 2011. However, the focus in Q1 2012 was domestic deals, particularly internal restructuring and mergers comprising approximately US$13 billion of the total M&A deal value. The focus on mergers and internal restructuring activities, a trend which gained prominence in 2011, appears to have intensified in 2012 driven by Vedanta Group restructuring, estimated to be worth over US$12 billion.

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