Private equity investment in India tripled last year, and is on course to top $10bn in 2007 as the sector’s elite, such as Carlyle and KKR, home in on the region. The Times reports that buyout firms spent a total of $7.47bn acquiring Indian companies or stakes in companies in 2006, according to a study by Venture Intelligence which tracks private equity activity in the country.

Volumes last year were bolstered by two deals: KKR’s $765m agreement to take Flextronics private and Idea Cellular’s sale of a stake to a consortium of private equity firms for $966m.

Blackstone last year opened an office in India and raised $1bn to spend there, while Carlyle has two funds concentrated on the country.

Copyright The Financial Times Limited 2024. All rights reserved.
Reuse this content (opens in new window) CommentsJump to comments section

Follow the topics in this article

Comments

Comments have not been enabled for this article.