PE Exits through Bulk & Block Deals: SMC Capitals

SMC Capital Equity Head

According to the SMC Capitals report, the capital market bounce starting April 2009 has seen several PE (Private Equity) funds selling their investments in the open market.

🙂

The PE funds have sold from April 2009 till date, an amount to the tune of about Rs 1531 crore through bulk deals and block deals.

SMC Capitals report on PE funds selling investments :


1. The capital market bounce starting April 2009 has seen several PE (Private Equity) funds selling their investments in the open market.

2. The severe capital market correction of 2008 has resulted into several PIPE (Private Investment into Public Enterprises) investments into listed companies by PE funds, facing huge losses with severe wealth destruction.

3. However, the recent market bounce has given a fresh breather of life for several PE investments with impressive recovery of losses.

The PE funds have sold from April 2009 till date, an amount to the tune of about Rs 1531 crore through bulk deals and block deals.


4. The several prominent exits, either partial or full, by PE funds during this period are such as:

– ChrysCapital sale of their stake in Shriram Transport Company for an amount of about Rs 300 crore.

– Orient Global sale of their stake in India Infoline for an amount of about Rs 250 crore

– Warburg Pincus sale of their stake in Max India for an amount of Rs 246 crore

– TPG sale of their stake in Mahindra & Mahindra Finance for an amount of about Rs 123 crore.

🙂

Also read full report on the attachment:

http://www.moneycontrol.com/news_html_files
/news_attachment/2009/SMS%20report%20on
%20PE%20Exits.pdf

According to the SMC Capitals report, the capital market bounce starting April 2009 has seen several PE (Private Equity) funds selling their investments in the open market. The PE funds have sold from April 2009 till date, an amount to the tune of about Rs 1531 crore through bulk deals and block deals.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: