MOST of the world's big private equity firms, including Blackstone, KKR and Carlyle, have put the brakes on deals in China this year as geopolitical tensions rise, reports London's Financial Times.
As Beijing exerts tighter control over business, deal making has slowed with just five new investments - mostly small - by the 10 largest global buyout firms this year.
Figures show how quickly overseas investors' enthusiasm for China, once a hot market, has waned. The same 10 firms collectively made 30 investments in the country as recently as 2021.
They made similar numbers of deals in earlier years, but the numbers have fallen since. This year, seven of the 10 have made no new investments at all, the figures from Dealogic show.
'China has been a roller coaster for investors, with geopolitical tensions, regulatory unpredictability and economic headwinds,' said Kher Sheng Lee, Asia-Pacific co-head for the Alternative Investment Management Association.
SeaNews Turkey
As Beijing exerts tighter control over business, deal making has slowed with just five new investments - mostly small - by the 10 largest global buyout firms this year.
Figures show how quickly overseas investors' enthusiasm for China, once a hot market, has waned. The same 10 firms collectively made 30 investments in the country as recently as 2021.
They made similar numbers of deals in earlier years, but the numbers have fallen since. This year, seven of the 10 have made no new investments at all, the figures from Dealogic show.
'China has been a roller coaster for investors, with geopolitical tensions, regulatory unpredictability and economic headwinds,' said Kher Sheng Lee, Asia-Pacific co-head for the Alternative Investment Management Association.
SeaNews Turkey
