Global private equity deal value continues monthly slide in November: S&P

PRIVATE equity and venture capital deal value worldwide continued its decline in November, with the Asia-Pacific (Apac) region leading global dealmaking, according to data from S&P Global Market Intelligence on Monday (Dec 12).

Some US$63.5 billion in deal value across 1,429 entries was recorded in November, representing a 53.5 per cent fall year on year. Entries were down 40.5 per cent from the same period a year ago.

Total deal value for the year through Nov 30 was US$677.2 billion, down 37.3 per cent from the same period in 2021, S&P said. Total entries were down to 21,455, compared with 24,178 deals last year.

November’s year-on-year decline in both deal value and volume continued from October, when private equity and venture capital investments cratered to US$32.3 billion on year – the lowest monthly total of 2022.

Apac accounted for the largest proportion of deal value last month, accumulating US$25.7 billion across 407 transactions. Europe followed with 395 deals totalling US$24.1 billion, while the US and Canada posted an aggregate deal value of US$12.3 billion from 533 deals.

Across sectors, the technology, media and telecommunications sector registered the most capital from private equity firms in November, attracting US$31 billion in total deal value – although the figure was down 45 per cent from the same period last year.

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The industrials sector secured US$18.7 billion in November, up from US$11.4 billion collected a year ago. Healthcare companies drew in US$4.3 billion, while the energy and utilities sector saw the biggest decline in investments, falling 90 per cent year on year to US$43 million.

The largest single transaction in November was a US$17.6 billion private equity deal for KKR & Co and Global Infrastructure Management to acquire an 81.7 per cent stake in Vantage Towers from Vodafone.