Global private equity and venture capital deal value and volume continued their downward trend in June, with total deal value for the month slipping 59.3 per cent year on year to $27bn from $66.4bn in the same period a year ago, according to a report by The Business Times.
The report cites S&P Global Market Intelligence data as also revealing the the number of deals recorded in June fell by 44.9 per cent to 847, from 1,536 in same period last year.
The highest monthly deal value was seen in the US and Canada – $13.4bn across 301 transactions – followed by Asia-Pacific with with $7.1bn from 258 transactions.
By sector, technology, media and telecommunications continued to secure the most capital from investors in June, with total transaction volume of $9.5bn. However, this amount was just a third of the $28.4bn raised in the same period in 2022.
The energy and utilities sector, saw the second highest total deal value at $5.9bn, an increase from the $2.2bn seen in June 2022, followed by the industrial sector with $4.4bn fall of almost 50% on last year’s $8.4bn.
