Asia private equity deals set for worst Q1 since 2015, data shows

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Private equity-backed mergers and acquisitions in Asia had their worst start to the year in nearly a decade, with PE-backed M&A totaling $13.5 billion in Q1 2024, down 32% from the same period last year. This marks the worst first quarter since 2015. Global PE-backed deals, on the other hand, rose by 21% to $136 billion. Slowing economic growth, high rates, volatile markets, and geopolitical tensions have curbed investments and exits in Asia. PE funds' exits in Asia via IPOs, trade sales, or secondary buyouts slumped 51% to $4.9 billion in Q1, the lowest since Q1 2014. China's economic slowdown and Sino-U.S. tensions were key contributors to the decline in PE-backed M&A in the region. Unspent PE capital in Asia reached $549 billion by June 2023, with unrealized value of assets totaling $2.3 trillion. However, signs of recovery are emerging, with hopes of a pickup in the coming quarters.

#PrivateEquity #MergersAndAcquisitions #Asia #China #EconomicSlowdown #GeopoliticalTensions

https://finance.yahoo.com/news/asia-private-equity-deals-set-050236011.html