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13 Apr, 2018

India Declares M&A Deals Worth $18.53 bn in Jan-March

India Declares M&A Deals Worth $18.53 bn in Jan-March

India announced mergers and acquisitions worth $1.5 billion in March, taking the deal tally for the first quarter of 2018 to $18.53 billion. March saw 31 M&A deals worth $1 499 million, down 92 per cent in value terms from the year-ago month when deals worth $23 822 million were announced by way of 28 such transactions.

The January-March period saw 118 deals worth $18 529 million, while the same quarter last year witnessed 105 M&A deals worth $27 477 million. Barring the $23 billion Vodafone-Idea merger announced in the first quarter of 2017, January-March quarter this year witnessed 2.3 times increase in deal values.

During the quarter, domestic M&A values recorded a whopping 5.3 times increase year-on-year on the back of three billion-dollar deals which contributed to 67 per cent of total M&A values.

Cross-border deal activity also bounced backed in the quarter with 85 per cent increase in the deal values compared to January-March 2017.

Active deal making by domestic companies and continued interest of PE investors in real estate and natural resources and energy sector maintained the upbeat in deal activity in the first quarter of this year. Big ticket domestic acquisitions in oil and gas, power and telecom sectors were driven by underlying objective to create sizeable assets to compete in global and domestic markets, marking entry into new business verticals by buying large stressed assets and strengthening delivery capabilities.

Big ticket transactions arising due to anticipated closure of insolvency proceedings, increased acquisitions to improve technical edge, improving customer experience and increasing products offering are expected to be the trends in M&A.

Read more about M&A: DD Check List, Mandate F. A. Q.

Company Valuation: Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7, Part 8

Some ideas about capital-raising strategies: Bringing Your Company Public, Exploring Alternative Capital-Raising Strategies, Refinancing and Minority Equity as Partial Exit Strategies, 5 Alternatives To IPOs, How to Raise Capital For a Company in Financial Troubles, 7 Private Equity Strategies

M&A forecasts: M&As In 2018, Last Year M&A Review and New Year Outlook, How to Raise Capital For a Company in Financial Troubles

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