Deal-making in 2018 was one for the record books. All previous records were broken by crossing the $100 billion mark in terms of deal value across both private equity (PE) and strategic (M&A) transactions. India proved to be an investor magnet, attracting close to $35 billion during the year by way of private equity, which has now clearly entered a phase of maturity led by a steady stream of investments, record levels of exits and mounting levels of dry powder. There were some discernible trends:
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