2022 started with quite a bit of uncertainty due to the Omicron outbreak, which resulted in the third wave of COVID-19 in India, followed by the Russia-Ukraine situation, which continues to roil the financial markets, as there could be serious implications for the global economy. Amid this, India Inc. saw 190 deals being executed in February 2022 valued at USD 4.5 billion. This translated to 27% and 62% growth in terms of volumes and values, respectively, compared to same period last year. February 2022 witnessed a 21% decline in volumes and 13% decline in values, as compared to January 2022.
Key highlights
- Mergers and acquisitions (M&A) witnessed five-month low volumes at 46 deals valued at USD 1.4 billion. This saw a 7% increase in the deal volumes while values declined by 4% compared to February 2021.
- Private equity (PE) investment witnessed significant growth recording 144 deals, a 35% increase in the deal volume recorded in the same period last year. Further, investment values also witnessed a 108% increase at USD 3.1 billion over February 2021
- February 2022 recorded two initial public offerings (IPO) with an issue size of USD 912 million compared to five IPOs issues, raising USD 789 million in February 2021.
- YTD 2022 witnessed over 1.6x surge in deal volumes with significant 31% increase in deal values. YTD PE investments witnessed record activity both in terms of volumes and values with 64% and 67% from previous record, respectively.