India topped the Asian private equity league in 2007, followed by China, a report said on Monday.
The Asia Private Equity Review (APER) said India recorded the largest number of deals at 290 and the highest aggregate deal value at 9.9 billion US dollar.
The momentum appears set to continue this year. 'With alluring return results attained in 2007 and fund managers' ability to raise substantially larger funds, India promises exciting dynamics in 2008,' ACER said in the report published in The Business Times.
China followed with 240 deals totalling 9.5 billion US dollars.
The aggregate deal value for private equity in Asia was 42.2 billion US dollars spread over 691 deals with China and India accounting for 45.9 per cent of aggregate deal value and 76.7 per cent of deals by number.
While the average deal size in India was 15 per cent smaller than in China, APER noted that India's overall deal value was higher.
The single largest private equity deal in Asia last year was also recorded by India – a 1-billion-US-dollar transaction involving an investment by a consortium into Bharti Infratel Ltd, a subsidiary of India's largest telecoms company.
Source: Monster & Critics