PE deal value in Singapore falls as investors look to higher growth markets
Republic is biggest contributor to US$2b drop in total PE deal value for S-E Asia in 2019
Singapore
PRIVATE equity's (PE) deal value in Singapore fell by 26.9 per cent from US$6.7 billion to US$4.9 billion in 2019, even as the South-east Asia region saw rising interest in terms of total deal volume.
According to a Bain & Company report on Wednesday, the Republic was the biggest contributor to the 14.3 per cent, or US$2 billion year-on-year drop in total PE deal value in the South-east Asian market, from US$14 billion in 2018.
The key reason for the drop in PE deal value in Singapore is related to an increasing attractiveness of deal opportunities in the hinterland…
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