In July 2017, Nesta Investment Holdings Ltd announced an $11.6 billion acquisition of GLP. The deal will enable GLP to expand into new markets, potentially in Europe and represented one of the largest private equity deals to date in Asia.
The volume of transactions valued over $1 billion decreased to six deals, compared to eight deals in Q2 2017. Similar to last quarter, megadeals held about 60% share in the total disclosed deal value.
Sector category analysis
Despite the volume decline, the Logistics category led the significant growth in Q3 2017 deal value, attributable to the megadeal between Nesta Investment and GLP. Passenger Air also grew considerably in deal value while recording a stable deal volume. The Shipping category posted sizeable growth of 46% in deal value. M&A activity declined in Passenger Ground and Rail from last quarter and also lacked any megadeal activity.