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Bailey McCann, Opalesque New York: Private equity deal value across the Asia Pacific hit a new record in 2020 despite the pandemic, according to new data from Bain & Company. Deal value across the region hit a record high of $185 billion, up 19% from 2019 and 23% over the previous five-year average. However, valuations and overall deal activity continue to be a concern.
"It's been a rollercoaster year for private equity in Asia," said Kiki Yang, co-head of Bain & Company's APAC Private Equity practice. "But while dealmaking ended the year on a high, Covid-19 has not gone away, and building portfolio resilience will be a crucial skill for leading investors."
China's total deal value rose to $97 billion, up 42% from 2019 and 22% higher than the previous five-year average. Deal value also grew in Japan and Australia-New Zealand up from the previous five-year averages. In India, a series of 10 significant investments totaling almost $10 billion in technology multinational Jio Platforms, and seven investments in Reliance Retail helped deal value climb to $38 billion, up 64% over the prior five-year period.
While deal value is increasing, exits are hard to come by. Exit deal value totaled $70 billion, down 24% year-on-year and 40% from the previous five-year average. IPOs dominated the exit market, making up more than 60% of exits by value, almost double...................... To view our full article Click here
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