Singapore's PE and VC deals reached US$19.8b in Q1 2018

It pushed SEA investment deals to skyrocket to US$21.9b from US$687m in Q1 2017.

Singapore injected US$19.8b to Southeast Asia’s private equity (PE) and venture capital (VC) deals that skyrocketed from US$687m to US$21.9b YoY in Q1 2018, an EY report revealed.

“Businesses and entrepreneurs are actively looking for capital and they clearly understand the value that private equity can bring beyond just investment dollars. EY Asean M&A and private equity leader Luke Pais said. “Further, the technology sector continues to shine as we see the emergence of more unicorns and baby unicorns.”

According to EY, Singapore’s completed deal values reached US$19.8b in Q1 2018. A large chunk was backed by large-size secondary transactions involving Global Logistic Properties (GLP) and Equis Energy.

The two firms fueled the exit value of about 9 deals worth US$17.7b. EY noted that it is the largest total exit value since 2013.