Monthly Dealtracker - April 2022

Geopolitical instability has triggered a slowdown in global growth in 2022 and has been cited as the top risk to global and domestic economies. The Indian deal market has weathered the storm, registering 183 deals amounting to a total of USD 46.3 billion in April 2022. The year so far saw two multi-billion-dollar deals and 46 deals estimated and valued at and above USD 100 million. These together accounted for 88% of the total deal values with only 6% of deal volumes in 2022.

“While geopolitical concerns and rising global inflation could likely cloud the near-term growth prospects, various domestic macro factors such as tax revenue growth, improvement in consumption and industrial high-frequency indicators, etc. remain supportive of the economic growth and positive news for deal making.” said Shanthi Vijetha, Partner, Growth, Grant Thornton Bharat.

Key highlights of the publication

• Deal volumes witnessed a 7% increase as compared to April 2021, while values jumped over 7 times.
• In April 2022, India Inc. recorded 183 deals worth USD 46.3 billion. Deal values in April 2022 were driven by HDFC Bank and HDFC Ltd.’s merger valued at USD 40 billion. Private equity investments recorded USD 3.6 billion across 138 deals.
• Start-up, IT, banking and media sectors dominated the deal activity, both in the M&A and PE segment, in terms of both deal volumes and values.
• YTD 2022 recorded nine initial public offerings (IPO) with an issue size of USD 2 billion compared to 18 IPOs issues, raising USD 2.9 billion in YTD 2021