Monthly Dealtracker - November 2021

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Record 221 deals worth USD 9.2 billion in October, M&A deals highest since 2015

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Start-ups and the IT sector drove volumes with over half of the M&A deals. October 2021 also saw the birth of five new unicorns and the positive trend is likely to continue

Key highlights   

  • USD 9.2 billion across 221 deals in October 2021, 24% higher than YTD 2020
  • 61 M&A and 160 PE deals were recorded in October 2021; M&A deals highest since 2015
  • 62% increase in deal volumes with a strong 25% increase in deal values
  • 5 new unicorns emerged and one of the largest Series A funding- CredAvenue raising USD 90 million 

M&A snapshot

  • M&A transactions at USD 3.3 billion across 61 deals
  • Start-ups and IT sectors continued to drive M&A volumes with 24% and 8% respectively; aggregate value of USD 391 million
  • Hospitality and leisure, pharma and healthcare, e-commerce, retail and consumer sectors accounted or 32% of the M&A deals
  • Notable deal: Tata’s acquisition of Air India from Government of India for an aggregate value of USD 2.4 billion
  • Domestic consolidation continued to dominate the M&A segment with 79% of the deal volumes

PE snapshot

  • 160 deals worth USD 5.9 billion in October 2021
  • 14 high value investments in new age companies
  • Start-up sector occupied the larger share of volumes (70%)
  • YTD PE investments witnessed record activity both in terms of volumes and values
  • Notable deal: Tata motors’ EV subsidiary’s fund raise of USD 1 billion