M&A Activity Riding High In India

While there was a 30% drop in private equity deals (with drops in both in volume and in value), overall M&A activity in India has surged 38% in August 2016 from $2.6 billion in August 2015 to $3.6 billion in August 2016, according to a recent Grant Thornton report.  This was driven by eight deals over $100m, seven deals over $500m and six deals over $1b.

On the M&A front, cross-border deal value increased by 45 per cent as compared to August 2015, and there has been an almost three-fold increase in value in domestic M&A….

As per the report, August was dominated by persistent consolidation in the startup sector with 31 per cent of the M&A volumes with on-demand and online retail segments garnering much investor attention.

In other news, Microfinance Industry in India grew 60% in 2016.