There are a lot of incoming deals and deal closures in the month of November, claimed Mehra. However, October has the slowest month in terms of deal volumes in CY22.
According to assurance, tax and advisory firm Grant Thornton, there were 44 PE transactions last month worth USD 585 million, as against 97 deals worth USD 1.26 billion a year ago.
According to assurance, tax and advisory firm Grant Thornton, there were 45 M&A deals worth USD 2,364 million in January this year. In January 2016, there were 42 such transactions amounting to USD 827 million.
There were 62 private equity deals worth USD 905 million in November this year, as against 91 such transactions worth USD 1.44 billion for the same month last year, says assurance, tax and advisory firm Grant Thornton.
Despite being the month when Prime Minister Narendra Modi announced demonetisation, November witnessed a growth in deals year-on-year, says Prashant Mehra, Partner at Grant Thornton.
According to assurance, tax and advisory firm Grant Thornton, merger and acquisition (M&A) deal value grew 48 per cent on an year-on-year basis in October with increased focus on domestic and outbound deal activity.
The first six months in 2016 have seen 1,100 merger & acquisition (M&A) and private equity deals totaling USD 38 billion, about 10 percent growth year-on-year in value terms, says Prashant Mehra, Partner at Grant Thornton India sharing latest happenings on the deal street with CNBC-TV18.
Grant Thornton has released the deal tracker report for activity in July 2016. With domestic consolidation happening, it sees domestic M&A rising.
According to assurance, tax and advisory firm Grant Thornton, India Inc's M&A deals witnessed 12 percent rise in deal value to USD 15.7 billion in the first half of this year, inspite of a 5 percent fall in number of deals compared with January-June period last year.
With a few large transactions in the pipeline and macro-economic factors looking stable, transaction volumes are likely to grow, says Prashant Mehra, Partner at Grant Thornton.
According to Grant Thornton, the global advisory, tax and assurance firm, there were 71 PE deals worth of USD 518 million clinched in May while it was 68 transactions worth USD 1,248 million in the same month last year.
Private equity deals worth USD 1.89 billion were announced in April, registering a marginal decline over the same month last year, even as the average deal size witnessed an increase, says a Grant Thornton report.
According to the assurance, tax and advisory firm Grant Thornton, M&A deal values fell by 32 percent year-on-year largely due to decreased cross-border activity.
Domestic M&A seems to be very weak. Prashant Mehra of Grant Thornton India thinks it is because of two factors – lack of liquidity in the market, whatever money is available is probably going towards organic growth and no money is being spent on inorganic growth
In terms of private equity activity we have seen that this month there was a 70 percent surge in volumes. However the deal value came down by 40 percent as compared to October 2014, says Prashant Mehra, partner, Grant Thornton
According to the assurance, tax and advisory firm, there were 58 M&A transactions worth USD 3,144 million in October, a jump of 233 percent. M&As were up 35 percent in terms of the number of transactions.
According to the assurance, tax and advisory firm, there were 58 M&A transactions worth USD 3,144 million in October, a jump of 233 percent. M&As were up 35 percent in terms of the number of transactions.
Prashant Mehra, Partner at Grant Thornton is hopeful that domestic M&A activities will pick up going forward due to key reforms like the Goods and Services Tax (GST) implementation, New Companies Act and debottlenecking of stalled projects
According to the assurance, tax and advisory firm, 47 deals worth USD 1.27 billion were recorded in August last year. The M&A deal tally so far this year has reached USD 21.23 billion by way of 364 deals.
Large part of M&A transactions have been driven by inbound investments. So, the Prime Minister‘s mantra of Make in India seems to be working, says Prashant Mehra of Grant Thronton.
M&A seems to be back on the growth path with about USD 4.6 billion across 50 transactions but growth has been coming from cross border activity, while the domestic M&A has been extremely sombre, said rashant Mehra, Partner, Grant Thornton.
Merger and acquisition activity in India witnessed significant rise in the first half of the year and the momentum is likely to continue as the year 2015 is likely to be a "big" year for deal making, experts say.
Inbound deals have grown 54 percent and contributed almost half of the Merger and Acquisition (M&A) values this first half, said Prashant Mehra, partner at Grant Thornton India.
According to Prashant Mehra, partner, Grant Thornton India LLP although the domestic merger and acquisition activity has declines, the cross border activity has been steady and is likely to remains so.
In April 2014, there were 48 transactions worth USD 6.8 billion, the report by Grant Thornton said.