Apac leads other regions in number of private equity, venture capital deals in September: S&P
But Europe came out on top in deal value, booking US$12.4 billion in transactions, against Apac’s US$4.2 billion.
THE Asia-Pacific (Apac) region booked the highest number of private equity (PE) and venture capital (VC) deals in September, based on S&P Global Market Intelligence data.
But Europe was top in terms of deal value, booking US$12.4 billion that month. North America was second, having pulled in US$10.8 billion, and Apac, US$4.2 billion.
Globally, PE and VC deal value and volumes were down year on year in both September and the entire third quarter.
Total deal value in September was down 22.3 per cent to US$28.6 billion, from US$36.74 billion in the same period a year ago. The number of deals fell 39.1 per cent on the year to 864 from 1,418 deals, the data showed.
The total transaction value for the third quarter was US$105.3 billion, 18.2 per cent lower than the US$128.7 billion recorded last year. The number of deals in the quarter also fell year on year – by 32.6 per cent to 2,668 from 3,959.
The sector which attracted the most capital from PE investors was the industrial sector – US$7.7 billion in September, more than twice the US$3.1 billion it received in 2022.
The technology, media and telecommunications sector was second in September, bagging US$6.4 billion in deal value, although this was less than half the US$13.37 billion recorded in September 2022.
The offer by TDR Capital and I Squared Capital Advisors (US) to buy Spain-based industrial testing company Applus Services for US$2.37 billion was the biggest transaction during the month.
The company that raised the most money in a round of funding in September was H2GS, S&P noted. The Swedish decarbonisation company received some 1.5 billion euros (S$2.2 billion) in equity from an investor group co-led by PE firms Altor Equity Partners and Just Climate.
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