Thought leadership

Monthly Dealtracker – April 2024

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The April edition of the Dealtracker reveals a surge in deal volumes, marking the highest monthly activity since May 2022. While no billion-dollar deals were recorded, 12 high-value transactions exceeding USD 100 million amounted to USD 3.8 billion, showcasing a robust market. Despite a decline in M&A values compared to the previous month, April witnessed a notable increase in deal values, primarily fueled by domestic consolidations led by the Adani Group. Interestingly, European companies exhibited a significant cross-border interest, signaling a shift from the dominance of US firms.

Key insights from the Monthly Dealtracker – April 2024

Strong deal flow: In the private equity (PE) realm, April boasted the highest monthly volumes since July 2022, driven by rise in small ticket deals. The landscape hints at a promising future for India's investment climate, supported by a growing consumer market, a thriving tech startup ecosystem, and supportive governmental policies. However, the outcome of Lok Sabha elections and global economic trends remain crucial influencers in the near term.

Promising sectoral outlook: As attention turns to May, the spotlight is on the debut of headline portfolio companies of marquee PE funds on the bourses. Noteworthy acquisitions highlight a prudent yet confident investment approach, while the manufacturing sector emerges as a frontrunner in deal values. Additionally, sectors such as real estate, IT, and pharmaceuticals display significant growth potential, hinting at a dynamic market poised for expansion and innovation.