Q3 Dealtracker 2024

The latest edition of the Dealtracker highlights the resurgence of deal activity in India during Q3 2024. This quarter saw a notable upswing driven by increased merger and acquisition activity, sustained private equity deal-making, robust initial public offerings, and record quarterly institutional placement deals. The surge reflects domestic market resilience, growing investor confidence, and favorable macroeconomic factors. India's growing digital economy, start-up ecosystem, and government support make it an attractive investment destination. This momentum sets the stage for continued growth and innovation, indicating a dynamic deal-making environment in the country.

Key insights from the Q3 Dealtracker 2024

• Rise in deal activity: Q3 2024 witnessed the highest quarterly volumes and the second-highest quarterly values since Q1 2022. This represents a strong 22% and 33% increase in volumes and values over Q2 2024, indicating a positive trend across different investment avenues (M&A, PE, IPO and QIP).
• PE market momentum in Q3: PE activity recorded the highest deal volumes since Q3 2022, while the lowest quarterly values this year. The quarter witnessed 23 high-value deals (> 100mn) worth USD 4.9 billion, accounting for 65% of the deal values, while small-ticket transactions (<=USD 7 million) dominated the deal volumes with a 53% share and only 5% contribution to the values..
• Domestic deals drive M&A growth: M&A volumes reached a record high, witnessing 214 deals valuing USD 11.4 billion, majorly dominated by domestic deals, with 154 deals worth USD 5.7 billion. Cross-border activity, both inbound and outbound, witnessed a rise in volumes by 67% compared to the previous quarter.