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INTELLIGENCE
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PRINT THIS PAGE Q3 private equity investments in Indian companies up on quarter and year07/10/2005. Source: AltAssets. 
 In the quarter ended September 2005 international and local private equity firms invested about $528m across 28 India-based companies, up from the $395m raised by 36 companies in the previous quarter and the $90m invested in eight companies in the same period last year, according to data from Venture Intelligence India.
Venture Intelligence India tracks venture capital activity in India and Indian-founded companies worldwide.
The largest deal announced in the quarter was Newbridge Capital's $100m investment in truck financing holding company Shriram Holdings, while ICICI Ventures' $59.8m buy-out of the refractory business of Associated Cement Companies represented the second-largest investment. Nimbus Communications and Perlecan Pharma raised $45m each and were tied in third place.
The survey also found that 11 investments in Indian companies were exited in Q3 2005, including three via IPOs. HT Media's $86m IPO was the largest private equity-backed IPO during the period. The two biggest exits via M&A were Essar Group's $1.56bn acquisition of BPL Communications and Oracle Corp's $593m buy-out of Citigroup Venture Capital's stake in i-flex solutions.
Venture Intelligence India is a division of Chennai, India-based TSJ Media Pvt.
Copyright © 2005 AltAssets
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