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Private equity goes shopping
2007 is off to a tremendous start, in which deal values grew at unprecedented levels (41 percent compared to the first half of 2006). Notably, the deal volume was relatively flat, reflecting the proliferation of larger transactions across the region. Noteworthy among the Asia Pacific countries was India, which once again posted half-year deal values on par with the prior year's total result. Following close behind in this trend were Australia, China, Malaysia, Singapore and Vietnam, which each experienced growth of over 50 percent.
Private equity funds again took centre stage, launching headline-grabbing deals across the region. At the same time, it was not all good news as there were as many failed attempts as successful ones. Nevertheless, private equity is now firmly ensconced in most Asian markets and we expect to see larger and bolder deals as the year progresses.
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