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Carlyle Hopeful of Boosting India Deals with Rise in Buyout Prospects

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Published on : Aug 07, 2017

Carlyle Group LP has been eying lucrative dealmaking opportunities in India as buyouts witness a surge in the recent time. Return on investment in the South Asian country has been overcoming almost all major markets around the world. Neeraj Bharadwaj, managing director for Carlyle, has foreseen scores of potential investments in India with the rise of control transaction prospects picking up pace in the country.

As per the company’s data, buyout deals have elevated to a fifth of total investments in private equity during the last year, from a nearly 6.0% five years back. Bharadwaj has said deals of about a US$150.0 mn to US$250.0 mn could be the company’s sweet spot. The company has been hunting for investments in industrial, healthcare, and financial services businesses in the country.

Carlyle could Stay Buoyant amid High Competition for Deals in India

Bharadwaj has been of the opinion that Carlyle is very bullish on India’s current standing. The competition for deals has been testifying a spike in the country, as in all good markets. Recently, the company has agreed for a stake purchase from GE Capital in the credit card business of the State Bank of India. Presumably, it could boast of a second-largest global public position with its PNB Housing Finance Ltd. investment in 2015. According to Bharadwaj, the exit of Indian conglomerates could mean a money-spinning buyout prospect for private equity funds.

India has jumped from the eighth place in 2014 to become the most attractive emerging investment market for 2017, as per an Emerging Markets Private Equity Association (EMPEA) survey. According to Bloomberg, private equity transactions in the country have grown to an US$11.0 bn in 2017 from a US$6.8 bn last year.