PE funds invest in more companies
By Winny Wang |
October 16, 2010, Saturday
|
Print Edition
Print Edition
Private-equity firms invested a total of US$1.93 billion in 71 domestic companies in the third quarter of this year - the highest by number in four years, according to an industry report released yesterday.
They pumped in US$1.25 billion in 39 firms a quarter earlier.
The third-quarter figure was also the highest since the fourth quarter of 2006 when private-equity firms invested in 53 domestic companies, Zero2IPO Research Center said in a report.
Of the 71 firms in 18 industries, US$1.6 billion were invested in 13 biological technology and health care companies.
Investments of US$263 million were injected in five financial companies, mainly city commercial banks, in the third quarter, according to the report.
Meanwhile, private-equity firms raised US$2.26 billion in 18 funds to invest in Asia, with 17 of them being yuan-denominated ones totaling US$1.88 billion.
Although the number of funds rose 20 percent from a quarter earlier, the size of funds fell 85.3 percent on a quarterly basis.
"Besides, foreign currency funds developed slowly in the period because of the weak economic recovery in developed countries while yuan-denominated funds operated by foreign institutions were still quite new," said Fu Zhe, an analyst at Zero2IPO.
They pumped in US$1.25 billion in 39 firms a quarter earlier.
The third-quarter figure was also the highest since the fourth quarter of 2006 when private-equity firms invested in 53 domestic companies, Zero2IPO Research Center said in a report.
Of the 71 firms in 18 industries, US$1.6 billion were invested in 13 biological technology and health care companies.
Investments of US$263 million were injected in five financial companies, mainly city commercial banks, in the third quarter, according to the report.
Meanwhile, private-equity firms raised US$2.26 billion in 18 funds to invest in Asia, with 17 of them being yuan-denominated ones totaling US$1.88 billion.
Although the number of funds rose 20 percent from a quarter earlier, the size of funds fell 85.3 percent on a quarterly basis.
"Besides, foreign currency funds developed slowly in the period because of the weak economic recovery in developed countries while yuan-denominated funds operated by foreign institutions were still quite new," said Fu Zhe, an analyst at Zero2IPO.
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