Singapore-based firms CapitaLand Investment and CBC Group made the two biggest private equity-backed investments in Southeast Asia in the first quarter, according to EY.
Taking the second biggest deal was CBC, a healthcare-dedicated asset management firm based in the city-state which acquired a portion of Korean pharmaceutical firm Celltrion Group’s primary care business rights in Asia Pacific in a deal valued at US$163m. Across Southeast Asia, data from EY showed the total volume of PE-backed deals went up 89% year-on-year with 17 transactions in the first quarter.
Source: News Formal (newsformal.com)
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