{ "docId": "019dd923-5e88-73ef-bd59-1348907fe67e", "docSlug": "b335b1c675f8288d", "documentTitle": "ey ivca monthly pe vc roundup february 2023", "authorId": "MorganStanley", "authorName": "EY", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "equity_research", "sourceTypeLabel": "Equity research", "presentationDate": null, "orientation": "landscape", "aspectRatio": 1.414, "pageNumber": 2, "pageCount": 34, "prevPage": 1, "nextPage": 3, "slideType": "ceo_quote", "function": "establish_context", "density": "overcrowded", "nDataPoints": 14, "notes": "The slide uses a quote-heavy layout with a sidebar containing the author's headshot and title.", "elementsJson": [ "headline_text", "paragraph", "headshot", "quote_block" ], "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019dd923-5e88-73ef-bd59-1348907fe67e/2", "deckHref": "/decks/019dd923-5e88-73ef-bd59-1348907fe67e", "deckJsonHref": "/decks/019dd923-5e88-73ef-bd59-1348907fe67e.json", "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd59-1348907fe67e#slide-2", "components": [ { "bbox": null, "kind": "callout", "text": "While a few large deals helped prop up PE/VC investments in April 2023, the deal momentum continues to remain tepid with the number of deals continuing its declining trend.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd952-340c-7065-8a56-4cec8a30b6f6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.188, "w": 0.182, "x": 0.062, "y": 0.00608 }, "kind": "image", "text": "Vivek Soni, Partner and National Leader, Private Equity Services, EY India", "attrs": null, "subkind": "headshot", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "44cda25e-d854-459e-9b09-27fb02a1f57c", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "metric", "text": "PE/VC investment value: $7.4 billion", "attrs": null, "subkind": "primary", "toolName": "Quantification", "toolSlug": "quantification", "confidence": null, "componentId": "019dd952-340c-7065-8a56-52e1a3197d1a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.083, "w": 0.642, "x": 0.313, "y": 0.251 }, "kind": "quote", "text": "By deal type, growth investments were the highest in terms of value in April 2023 at US$4.5 billion across 12 deals compared to US$4.9 billion invested across 23 deals in April 2022. From a sector point of view, infrastructure was the top sector in April 2023, driven by large investments in the renewable energy space.", "attrs": null, "subkind": "pull-quote", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "1783b0f4-ee67-4fe4-a440-c731115e392e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.083, "w": 0.642, "x": 0.313, "y": 0.153 }, "kind": "quote", "text": "April 2023 recorded US$7.4 billion in PE/VC investments, 1% higher than the investments in April 2022 and 37% higher than March 2023. PE/VC investments in April 2023 have recorded an 18-month high on the back of a couple of large US$1 billion+ deals in healthcare and renewables sectors.", "attrs": null, "subkind": "pull-quote", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "1ef66cc1-1488-4c31-bd4b-e7f9abe4e0b7", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.27, "w": 0.642, "x": 0.313, "y": 0.545 }, "kind": "quote", "text": "While a few large deals helped prop up PE/VC investments in April 2023, the deal momentum continues to remain tepid with the number of deals continuing its declining trend. With Central Banks not relenting on interest rate tightening, the pressure on startup and growth investments in TMT and e-commerce sectors is expected to continue...", "attrs": null, "subkind": "pull-quote", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "49aa4cf9-5f2c-46e7-a1da-7780379a0bd6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.083, "w": 0.642, "x": 0.313, "y": 0.447 }, "kind": "quote", "text": "In April 2023, PE/VC exits recorded a de-growth on a y-o-y and sequential basis of 45% and 24%, respectively. Exits via secondary sale were the highest in April on account of the large US$1 billion exit from Manipal Hospitals by TPG and NIIF.", "attrs": null, "subkind": "pull-quote", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8c87bb99-c312-4a06-bd7e-8974c6975007", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.083, "w": 0.642, "x": 0.313, "y": 0.349 }, "kind": "quote", "text": "Pureplay PE/VC investments declined by 22% in terms of value and 55% in terms of volume on a y-o-y basis. In line with our projections on attractiveness of real assets investments, the infrastructure and real estate asset class recorded an 82% increase y-o-y in PE/VC investments and the deal pipeline remains robust.", "attrs": null, "subkind": "pull-quote", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ded2e2a0-4074-496f-92b9-1c49995aea22", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.125, "w": 0.225, "x": 0.045, "y": 0.165 }, "kind": "title", "text": "Foreword and outlook", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9d31e1ec-53dc-4995-816b-4b854ed4215f", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 5, "from": 1, "beatId": "7e63f880-2126-451f-8873-5983940be0ea", "arcName": "The Sparkline", "arcSlug": "sparkline", "beatName": "What Is", "beatSlug": "sparkline-what-is-1", "evidence": "The deck starts by presenting an overview of the current situation and trends in PE/VC.", "position": 0, "confidence": 0.8, "parentBeatName": "Setup", "parentBeatSlug": "setup" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }