PE-backed M&A in Asia reaches $22b in first nine months
Private equity-backed M&A in Asia Pacific ex Japan reached $22.2 billion in the first nine months of 2012, down 17% year-on-year, according to Thomson Reuters. However, the third quarter was comparatively active, with total deals worth $11 billion, up 93.1% on the previous quarter and up 38.6% year-on-year.
The financial services sector accounted for majority of deal value with $4.7 billion transacted in the first nine months, an increase of 23.4% year-on-year. Meanwhile, the media and entertainment sector...
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