quarta-feira, 10 de outubro de 2012

BPO & ITO: PE firms invest $2,521m in 97 deals in second quarter

Tags: Knowledge

Bain Capital's $1 billion investment in Genpact tops the list

Private equity firms invested about $2,521 million across 97 deals during the quarter ended September 2012, a growth of 4.4 per cent growth over the same period last year and 32 per cent over the immediate previous quarter.

The $1 billion investment by Bain Capital in US listed, Gurgaon-based BPO firm Genpact topped the list, according to a study by Venture Intelligence, a research service focused on private equity and M&A transaction activity.

In the same period last year, there were 120 transactions valued at $2,415 million and in the immediate previous quarter there were 105 transactions valued $1,909 million. Despite the quarterly up-tick, the total PE investments in the first nine months of 2012 stood at $6,488 million across 309 transactions, lesser than the $8,882 million across 357 transactions in the same period in 2011.

The second largest investment during the period was SBI-Macquarie's $150 million investment in Ashoka Concessions, a roa­d-construction subsidiary of Ashoka Buildcon.

Led by the Genpact deal, IT & ITES companies attracted $1,295 million across 45 reported investments. In other IT & ITES transactions, Blackstone acquired a 6.1 per cent stake in publicly listed Financial Technologies India through open market transactions.

Venture Capital type deals accounted for 54 per cent of the investments in volume terms during Q3'12 compared to 42 per cent in the corresponding period a year ago. The share of late stage deals was 21 per cent, while the share of listed company investments was 13 per cent during the quarter.

Real Estate firms reported investment totaling US$394 million across nine deals during the quarter ended September 2012. In the same period last year the sector reported $726 million investment across 13 transactions.

sangeethag@mydigitalfc.com

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Fabio Fischer de Aguiar
TCI BPO SA
Mobile: 55 11 8356 5061
Twitter: @fabio_fischer