This was sent through the Asian Private Equity Newswire this morning:
Chennai, India-based Venture Intelligence India, part of TSJ Media, has issued its 2005 India Roundup of private equity investments and exits in India. Among the findings in the report are: PE and VC firms invested some $2.3 billion in 147 investments during 2005, compared to $1.6 billion invested in 68 deals during 2004; late stage and publicly-listed companies made up 60% of the years new investments; the IT sector was the favorite sector for investment; Citigroup was the country’s most active PE investor during 2005; South India attracted the most capital, followed by Western India; Mumbai was the top PE investment city; 17 PE and VC-backed firms had IPOs during the year; there were 24 company exits through M&A, the biggest gainer being Warburg’s exit Bharti Televentures, which earned the firm a gain of $1.3 billion.