Private equity funds (PE funds) seem to be staging a comeback after their near withdrawal from Indian economic landscape in the wake of global economic meltdown in 2008. Deal activities have picked up significantly since last year and are expected to edge higher towards the end of the year. According to recent studies, merger and acquisition (M&A) activities in the country more than doubled in the first month of 2010 as deals worth about Rs 13,950 crore were announced, signifying emergence of the country's economic environment after tough 18 months. January saw as many as 29 domestic deals worth $2,3030 million compared to 14 transactions worth $589 million in January 2009. Telecom, logistics and banking and finance and insurance were the most targeted sector for investment with deals worth $ 2180 million, $ 164 million and $117 million, respectively, according to the study conducted by financial research services provider VCEdge. […]