PE/VC exits at peak in Aug’22

IVCA-EY in its monthly report has noted a decline in investments by Private Equity (PE) and Venture Capital funds in the month of August. The investments nosedived 80% to US$ 2.2 billion in the month, eventually recording a 19 month low.

According to the report by industry lobby IVCA and consultancy firm EY, the month of August saw few ‘large open market exits’, including the KKR selling its 28% stake in Max Health for US$1.2 billion and Blackstone selling its 14% stake in Sona BLW for US$509 million. The secondary and strategic exits amounted to US$ 584 million and US$ 687 million respectively. 

Vivek Soni, partner and national leader, private equity services EY India said, “PE/VC exits had a strong showing in August 2022, recording its best performance this year”. Although many sectors saw drop in PE/VC investments in August 2022, the healthcare sector, however, resisted the trend and recorded an year-on-year increase of 485%.