M&A deals surge to $24.8 billion in April-June
07 Jul 2010
The total value of merger and acquisition deals in the country vaulted nine-fold to 24.8 billion in the second quarter of 2010 on the back of Reliance Infratel's $10.86 billion merger deal with GTL Infrastructure.
According to a monthly report in VCCEdge, the financial research platform of VCCircle.com, M&A deal value during the April-June period stood at $24.8 billion which makes the aggregate M&A kitty so far this year to $48 billion as against $2.8 billion in the second quarter of 2009.
The deal count also saw an upward trend and was up at 182 in Q2 of the 2010 calendar year as compared to 98 in the year-ago period.
In the period as many as 91 domestic deals valued $14 billion were struck as against 50 deals worth $1.7 billion I the year-ago period according to the report.
The number of outbound deals tripled from 22 in Q2 of 2009 to 66 in the same quarter of this year, the number of deals fell to 23 in the second quarter of 2010 as against 24 deals last year in the same period.
Big ticket deals in the quarter dominated the M&A space with larger deals (worth 4100 million and above) accounting for around 96 per cent of the total capital invested in the second quarter this year.
"Q2, 2010, saw some big tickets deals, which sent the total M&A deal value soaring. This signalled the return of investor confidence and liquidity to the market," the report noted.
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