PE exits touch record in Aug.

Mumbai, Sept. 18: Inflows and outflows from private equity and venture capital investors have hit an all-time high in August at $5.4 billion and $1.9 billion, respectively, said a report.

So far in 2017, overall PE/VC exits are at an alltime high of $7.1 billion, surpassing the previous record of $6.7 billion for the full year of 2016, said the report by EY.

PE/VC investments in August stood at $5.4 billion across 45 deals — the highest monthly investment ever — and posted an increase of 5.4 times compared to $1.0 billion in August 2016.

The PE/VC deal street was boosted by two mega transactions — Softbank’s $2.5 billion investment in Flipkart and Singaporean sovereign fund GIC’s $1.4 billion investment in DLF. These are also the largest deals ever in the e-commerce and real estate sectors, respectively.

In terms of number of deals, there was an 18 per cent growth in August compared to 39 deals last year, the report said.

Exits are also at a record in terms of monthly outflow at $1.9 billion across 25 deals in August and $7.1 billion across 164 deals in 2017 till date. Ecommerce emerged as the top investment sector for the month on account of the large Flipkart deal, EY said.

In terms of exits, August saw 25 exits totalling $1.9 billion, almost four times compared to the year ago month and the highest value of exits in a month ever. This is the second time that exits have crossed the $1 billion mark in a month in 2017.

PE/VC investments in August stood at $5.4 billion across 45 deals — the highest monthly investment ever.

EXITS ARE also at a record in terms of monthly outflow at $1.9 billion across 25 deals in August and $7.1 billion across 164 deals in 2017 till