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PE activity down 35% in August, says S&P Global

Global private equity and venture capital deal has activity has slowed sharply so far in 2023, with the aggregate value of PE deals falling 44% this year to $302.69 billion, and the number of deals declining by 35% to 7,804.

According to S&P Global Market Intelligence data, those figures represent the lowest totals for the first eight months of a year since at least 2019.

In August, deal value was down 46% year on year to $27.64bn and volume dropped 35% to 812 transactions, according to the data, with the US and Canada accounting for $15.08bn in deal activity in August, equivalent to 55% of the global total. Asia-Pacific and Europe accounted for $6.54bn and $5.06bn, respectively.

Asia-Pacific saw the highest number of transactions in August with 354, followed by the US and Canada with 256 and Europe with 162 deals.

The technology, media and telecommunications sector pulled in the most investment at $8.78bn, representing 32% to the total deal value for August. Next was the industrials sector, which raised $5.24bn, followed by healthcare with $3.37bn in capital.

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