PE surges in Q1 2024: Deal volume hits US$5.2bn, 61.8% growth in value, reveals Forvis Mazars in India report
Published in May 2024 in Western Times
In Q1 2024, India’s Private Equity (PE) landscape saw impressive growth, as detailed in the latest PE Deal Tracker Report by Forvis Mazars in India. With 310 transactions amounting to approximately US$5.2 billion, the quarter marked a substantial rebound from prior quarters.
This period also became the most active since Q4 2022 in terms of deal volume and registered a remarkable 61.8% increase in deal value compared to Q1 2023, which recorded US$3.2 billion. Deal numbers rose by 26.5%, jumping from 245 deals in Q1 2023 to 310 in Q1 2024, reflecting renewed momentum in India’s PE market. Q1 2024 also recorded a significant uptick in PE exit activity, with the highest number of exits since Q3 2021.