Global private equity deal value and volume cratered in March as well as during the entire first quarter.
According to S&P Global Market Intelligence, March PE deals vaporized – dropping by 37.1% year over year. During March 2023, $63.42 billion was raised in contrast to the $100.86 billion in March 2022. The number of deals dropped by 48.9%, or from 1733 in 2022 to 885 in 2023.
During Q1, the total value sank to $122.81 billion in comparison to Q1 2022, of $238.91 billion. Deal count during Q1 went from 5017 in 2022 to 2873 in 2023.
S&P reports that the US and Canada posted the highest deal values in March, with $41.07 billion across 274 transactions.
Asia-Pacific came in second with $15.17 billion across 264 deals, followed by Europe, with a combined value of $6.92 billion across 317 deals.