Mumbai, Nov. 1 -- Private equity (PE) firms have been negotiating tough times in 2019 with exits dropping by about 70% so far this year compared to 2018, amid a volatile market.
In the nine months ended September, 114 PE exits worth $8,172 million were recorded, compared with 177 exits worth $27,048 million in the 12-month period of 2018, shows data from consulting firm EY.
Even if one excludes the $16 billion exit through the Flipkart-Walmart deal last year, the exit value was still 26% higher in 2018, compared to exits recorded during the January-September period this year.
"Multiple factors have contributed to a weak 2019 in terms of exits. Globally, oversupplied venture capital markets have created a disconnect between valuations and...