Monthly Dealtracker - December 2021

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Deal activity continued to be primarily in the technology sector including start-up and e-commerce sectors. Better health of the banking system and supportive policy measures saw active deal-making in the financial sector, whereas resumption of economic activities and demand recovery benefitted consumer and retail sectors.” The absence of big-ticket transactions, partly due to non-disclosure of deal values in the majority of M&A transactions (74% of deals) could be the reason for lower deal values," said Shanthi Vijetha, Partner, Grant Thornton Bharat.

Key highlights:

• M&A volumes were driven by domestic consolidation which constituted 86% of M&A volumes and 86% of M&A values.
• November 2021 witnessed PE funds inflow in Indian companies at USD 3.1 billion across 149 deals.
• IPOs witnessed record monthly figures, both in terms of issue volumes and issue size, with 10 issues worth USD 4.8 billion.
• The year so far saw 14 deals in the billion-dollar category and 134 deals estimated and valued at and above USD 100 million.