INSUBCONTINENT EXCLUSIVE:
The year 2024 is already seeing a turnaround for private equity deals with Sri Lanka expecting deals amounting up to USD 250 million, says
the Hong Kong-based merchant banking firm MCM Partners.Speaking to Bloomberg Markets Asia on Monday (March 25), Managing Director of MCM
Partners Jahnavi Bhagwati explained as to why she sees a turnaround for private equity deals in 2024 as opposed to a sluggish 2023.According
to her, countries like India and Sri Lanka, which is a turnaround story, are going to present opportunities in the private space this year
historic shift in monetary policy.Bhagwati mentioned that the stock markets in the region are already seeing a pickup as inflation has been
curbed, adding that investment activity will spur when rate cuts kick in.Noting that a flurry of more activity is observed in private market
throughout which the rest of the market suffered
As you know the IMF has made almost USD 3 billion of commitments in terms of a loan
But there are some points that they [Sri Lanka] needs to adhere to for the provisions of that loan
Therefore, Sri Lanka has several huge assets which are being divested, and a lot of institutional players and investors are looking to come
about USD 250 million whereas Bangladesh is anticipating a potential deal amounting to USD 1 billion
Meanwhile, in India, the deal sizes are small, ranging between USD 10 million - 20 million and up to half a billion, she added.
