China tech, Internet deals driving up valuations
Bain highlights stiff competition faced by Asia-Pac private equity; average valuation multiples rise to 17 times EV/Ebitda
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INTERNET and technology deals in China drove private equity deals in 2016, pushing valuation multiples to record highs. Liquidity from large institutional investors also contributed.
Consultancy Bain & Company's latest Asia-Pacific Private Equity report, released on Thursday, showed that deal value in the region fell to US$92 billion in 2016 from US$124 billion in 2015. But 2016 was still the second best year for deals ever.
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