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International Private Equity Investors Dominate Indian Corporate Finance Deals

The year 2004 was the year of the Private Equity Investor, says India Advisory Partners in its latest report. Even as valuations soared and the Indian stock market reached record highs, private equity investors recovered from the shock of seeing the left wing political parties prop up the Congress led central government and invested Rs. 76.83 bn (US$ 1.7 bn) in Indian companies, the highest amount in the last three years.

Private Equity investors were primarily active in the Information Technology and Telecom sectors. Deals involving trade investors, in contrast, remained lukewarm in the second half (H2) of 2004, but, as INDATA predicted in 2003, the market continues to deepen with interesting deals in sectors such as Media, Logistics and Breweries. They believe that more such sectors that have been marginal contributors so far, for instance autocomponents and textiles, will begin to dominate India’s M&A market in the future.

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India Advisory Partners is an independent advisory group providing corporate finance advice on Indian deals to some of the largest and most respected companies worldwide. With offices in London and Mumbai, India Advisory Partners provides advice and assistance in implementing strategies for acquisitions, divestitures, partner searches and JVs and also conducts investigations into potential partners and targets. India Advisory Partners also owns INDATA, the most comprehensive database of Indian Corporate Finance deals.

For further information please contact: James Winterbotham in London on +44 207 226 6858 or Kai Taraporevala in Mumbai on +91 22 2282 9269.