Mainland top for PE capital in Asia
Print Edition
THE Chinese mainland remained Asia’s largest destination for private equity investment for a seventh straight year in 2014 as the ongoing reform of state-owned enterprises drew private capital.
Last year, PE investment in the mainland were valued at US$35 billion, taking up 41 percent of the total in Asia, PricewaterhouseCoopers said in a report yesterday.
The US$35 billion marked a surge of 103 percent from a year earlier, compared with a 10 percent increase globally.
PwC predicted the robust trend to continue in 2015.
Meanwhile, investment by Chinese PE funds last year surged 101 percent from 2013 to a record high of US$73 billion, the report said.
Chinese PE funds sealed a record 593 deals last year, a 51 percent annual increase.
“Participation in the reform of SOEs played a major part for the record figures,” said Gao Jianbin, PwC Central China Private Equity Group Leader.
“Technology and consumer-related sectors accounted for more than half of the deal volume,” he said.
The high-technology sector drew the most deals at 224, followed by 102 in the consumer-related sector and 85 in industrials, data showed.
By investment value, the retail sector topped with US$15.7 billion, pushing high technology into second place with US$13.6 billion, while the consumer-related sector lured US$10.4 billion.
Last year, funds raised for investment in China rose, with yuan-denominated funds climbing 17 percent year on year to US$15.6 billion, and foreign currency-denominated funds up 43 percent to a six-year high of US$28.4 billion.
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