10 December 2021
Paul DiGiacomo talks to AVCJ on sponsor-to-sponsor exits in Asia
Sponsor-to-sponsor exits are set to reach a record high in Asia this year. Sponsors in Asia are driven by the need to deploy capital from increasingly larger funds and comfort with higher valuations for high-quality businesses. As BDA’s Paul DiGiacomo shares with Asian Venture Capital Journal (AVCJ), “People were – and still are – finding ways to do deals. The US market has been on fire for two years, but relative to Asia, it is very domestic and hasn’t been hampered by border closures. The rebound in M&A volumes and exits in Asia is even more impressive, given the added layer of challenges to what the US and Europe have seen.”
At the same time, investors are becoming pickier. “We see people trying to preempt deals. Investors are pickier about the situations they dig into – they don’t want to be one of 10 chasing a business, so they run hard on the ones they really want. Deploying a $5-10 billion fund is challenging. If the recipe for not missing out on something is stretching the valuation and offering deal certainty, that might be reasonable,” added Paul DiGiacomo.
6 January 2022
Paul DiGiacomo talks to PEI on private equity outlook in 2022
22 December 2021
Huong Trinh on VIR: No let up in Asian-led buying spree
8 November 2021
BDA named Outstanding Cross-Border Investment Bank of the Year
7 October 2021
Huong Trinh on VIR: healthcare in Vietnam remains attractive for foreign...