Global private equity deals down in March, extending Q1 decline: S&P
Yong Hui Ting
PRIVATE equity deals around the world have fallen in terms of volume and value in March, as well as in the first quarter of the year.
In March, the total deal value slipped 37.1 per cent year on year to US$63.4 billion, compared with US$100.9 billion in the same period a year ago, according to S&P Global Market Intelligence data on Tuesday (Apr 11).
The number of deals recorded in March also fell 48.9 per cent to 885, from 1,733 a year prior.
By geography, Asia-Pacific witnessed the second-highest deal values in March, with US$15.2 billion spread across 264 transactions. The region is second behind the US and Canada, which posted the highest deal values in March, with US$41.1 billion across 274 transactions.
By sector, technology, media and telecommunications continued to rake in the most capital in the month of March. The sector brought in nearly US$33 billion in total transaction value, up from US$32.2 billion in the same period in 2022.
Meanwhile, industrial private equity deals saw a decline in total deal value, reaching US$11.2 billion in March, down from US$23.8 billion last year, while financial companies secured US$7.5 billion last month, down from US$17.3 billion.
Deal volumes and values in Q1 2023 were also down.
The total transaction value recorded in the first quarter of the year was US$122.8 billion – nearly half of the US$238.9 billion in Q1 2022.
The number of deals also fell to 2,873 deals from 5,017 transactions seen in the same period in 2022.
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