Private equity (PE) firms deployed$203 millionby way of eight deals in the engineering & construction sector during the first quarter of 2012.
But investment by PEs in sectors including manufacturing and energy fell in both dollars and number of deals during the first quarter of 2012.
PEs invested $1.8 billion through 91 deals in the first quarter of 2012, reflecting an increase of 57 per cent in value terms compared to the fourth quarter of 2011. PE investors continue to be enthusiastic about prospects of India’s future growth; however, the investment activity is likely to remain volatile given an uncertain global environment, PricewaterhouseCoopers Global Technology Industry Leader Raman Chitkara said.
On a year-on-year basis, however, the first quarter of 2012 saw PE investment dropping by a whopping 50 per cent in dollar terms, data showed.