M&A, PE deals worth $2.92bn struck in April: Grant Thornton

Harish HV – Partner, India Leadership Team at Grant Thornton India LLP says, “Cross border deals and in particular inbound deals are seeing strong resurgence.  Unilever’s investment announcement preceded the Diageo transaction, which is now in its final legs; are two significant transactions. We expect significant uptick in the inbound arena. Similarly, we are seeing resurgence in outbound transactions and expect to see significant uptick in this area from both, IT and manufacturing sectors.”

Raja Lahiri – Partner, Transaction Advisory Services at Grant Thornton India LLP says, “We continue to see Indian corporates focused to divest non-core assets to enhance liquidity such as DLF stake sale in wind power assets for over US$100mn. Given the FDI regulatory changes in sectors and Government’s push to attract FDI, the Etihad-Jet transaction is good for the aviation sector and we believe that more such inbound deal is expected to play out in sectors such as aviation, retail and broadcasting.  We are also witnessing increased focus by the PE Funds on "exit" and increase in secondary transactions and case in point was the exit of Warburg Pincus from ATG Tires by selling its stake to KKR PE.”