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Laxman Pai, Opalesque Asia: The value of global private equity deals with sovereign wealth fund (SWF) investment fell by nearly half in 2022, said a report.
According to S&P Global Market Intelligence data transactions with sovereign wealth fund investment totaled $39.03 billion across 11 deals in 2022, compared to $74.36 billion across 10 deals a year earlier.
"The size of these deals also decreased year over year. In 2021, the three largest transactions were valued at $32 billion, $20.01 billion, and $17 billion, while 2022's top deal was below $12 billion," it said.
The fourth quarter of 2022 saw the highest deal volume and value for the year, with five transactions totaling $22.24 billion. But the quarter's deal value was down 39.9% from $37.01 billion in the corresponding period of 2021.
Meanwhile, SWFs appear to be pivoting away from private equity deals. 2022 was far stronger for non-private equity deals with sovereign wealth fund involvement compared to the previous year. The aggregate value for these deals grew 84.9% to $32.03 billion in 2022 from $17.32 billion in 2021.
Across all M&A backed by sovereign wealth funds, companies in the U.S. and Canada were the main target with an aggregate transaction value of $50.79 billion. Europe amounted to $14.14 billion, while Asia-Pacific and Middle East transactions totaled $3.41 billion and $2.72 billion, respectively.
Sovereign wealth funds from the Middle East reported the highest number of ove...................... To view our full article Click here
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