Anindita Nayak
Bhubaneswar, 11 June
Global private equity and venture capital deals surged 29.2% in May, reaching $61.73 billion as compared to $47.56 billion in May 2024, a report by S&P Global Market Intelligence said.
Since the beginning of this year, deal value reached $251.11 billion till May, reflecting a 17.9% increase compared to the previous year, despite a decline in the total number of deals from 5,451 to 4,988 in May 2024.
The US and Canada dominated deal value, securing $31.65 billion, while Europe experienced a significant increase in private equity investments to $24.99 billion. However, deal value in the Asia-Pacific region declined sharply by 58.4% to $4.55 billion.
Notably, the technology, media, and telecom sector witnessed 335 private equity-backed announced transactions in May, including 13 mega-deals, with the largest involving Energy Capital Partners LLC acquiring Atlantica Sustainable Infrastructure PLC for $7.87 billion. Within the sector, application software saw the highest number of transactions at 145, followed by IT consulting and other services with 31 deals and interactive media and services with 26, the report noted. Meanwhile, this month’s biggest funding round involved AI company X.AI Corp., which raised $6 billion in a series B round. Firms including Valor Management LLC, Vy Capital, Andreessen Horowitz LLC and Sequoia Capital Operations LLC participated in the round. According to the report, 13 deals with transaction value of at least $1 billion were seen in May.
The S&P Global Market Intelligence report covered whole-company acquisitions, minority stake acquisitions, and funding rounds, excluding terminated deals, asset transactions, debt-related activities, early-stage funding rounds, and add-on acquisitions for preparing this report.
As per Venture Intelligence, PE & VC funding in India recorded an investment of $3.2 billion, which was $700 million down from $3.9 billion a year ago.
