PE/VC investments, exits hit record in 2017

Investments by private equity/ venture capital firms touched a record in 2017 at $26.8 billion, as against  $16.2 billion in 2016, and pulled out a record  $13 billion from the country, says a report.

According to data collated by EY, SoftBank's $2.5 billion investment in online retail major Flipkart led the PE investment pack, making it the highest-ever in the country. PE/VC exits almost jumped two-fold to $13 billion across 257 deals, driven by record level of exits via open market, secondary sale and IPOs.

The year just gone-by was also the best for PE-backed IPOs featuring the largest IPO exit ever with Fairfax selling its 12% stake in ICICI Lombard for $558 million. According to EY's private equity deal tracker, 2017 was the best year for both investments and exits.

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