Bangalore, Jan 18 (UNI) In the backdrop of India witnessing a big economic boom and the buoyant capital market, private equity investors are waiting to invest nearly USD 60 billion in the country.
India will emerge one of the prime drivers of the global economy and it requires access of huge pools of capital. Private equity, which had overtaken the domestic IPOs during 2007, will emerge as the biggest drivers of growth, according investment banking firm YEN Expo.
Speaking to reporters, the Mumbai-based YEN Expo Managing Director Sunil Shirole said mid-sized companies were finding it difficult to attract private equity investors as they were unable to present their business plan in a format that was readily appreciated the investor.
To help the companies in mid-sized segment across the business verticals YEN Expo would hold India's first Private Equity Fair (IPEF) at Mumbai on February 27, which provides the B2B platform to over 25 companies to showcase their business and growth plans to around 150 private equity funds from India and abroad, he said.
Ms Shrole said according to Grant Thornton, an investment company tracking private equity flow into India, private equity flows during 2007 stood at USD 15 billion and it is expected to double during the current calendar year.
"Actually Private investors were ready to pump in up to USD 60 billion in 2007 into the Indian industry. However there has not been enough deals and lots of money is chasing too few deals. We are missing opportunities to market our businesses. YEN Expo can help the companies in having a face to face meeting with private equity investors and strike deals that works really fast," he said.
He said given the number of mid-sized companies seeking capital, private equity funds do not have the time or the bandwidth to look at each detail.
Invetors IPEF would be looking for companies with an existing track record, who are looking to raise between Rs 20 crore and Rs 200 crore to grow their businesses, he added.
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