News Digest

04 December 2017
PE exits through IPOs cross $1 billion in 2017

In yet another successful year of exits, private equity (PE) funds sold shares worth $1.17 billion in 2017 as their portfolio companies went public, data from Venture Intelligence shows. The figure is almost 25% higher than the $935 million they sold through initial public offerings (IPOs) in 2016. In 2015, PEs sold stocks worth just $287 million in IPOs. Several PE investors such as Warburg Pincus, ChrysCapital, Kedaara Capital and others reaped successful exits or part-exits through IPOs of firms such as Au Small Finance Bank and Eris Lifesciences, thanks to the buoyant market. The share sale of AU Small Finance Bank saw PE investors sell shares worth almost $247 million, while those of Eris Lifesciences and Indian Energy Exchange Ltd saw PE investors selling shares worth $209 million and $102 million, respectively.

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