Bain CO., a consulting company, published a report saying that the investment transaction volume of China's private equity market in 2022 was US $ 62 billion (below, about S $ 82.6 billion), a year -on -year decreaseThe amount also decreased by 38%year -on -year, with an average investment transaction value of $ 82 million, the lowest value since 2013.
According to Caixin.com, Zhou Hao, the global partner of Bain, the chairman of the private equity and merger acquisition of the Greater China, said that in the past ten years, the Chinese private equity market has gone through the golden period of high -speed growth.It reached a historical high in 2021.However, due to a series of challenges of the macroeconomic and external environment, in 2022, the private equity investment market was greatly suppressed in all aspects of the "financing and investor retirement", and the volume and price fell.
Bain's 2023 China Private Equity Market Report released on Tuesday (April 18) stated that the technology industry still accounts for the largest share of China's private equity capital, but the industry investment transaction volume decreased by 62% year -on -year year -on -year.Among them, cloud services fell by 88%and software decreased by 59%, the two largest sub -industries in the decline.
In terms of segmented tracks, semiconductors, automobiles and travel, medicine and biotechnology have become the most active investment track in the private equity investment market in 2022.Specifically, in 2022, nearly a hundred private equity investment transactions on semiconductors and component circuits, with an average transaction scale of US $ 125 million, mainly invested in RMB funds.Compared with the investment in the first five years, the popularity of e -commerce, cross -industry technology and online services has declined.
The report pointed out that due to the unclear business prospects and the low rating of listed companies, the transaction multiple of Chinese private equity investment market transactions fell from 17.9 times a year ago (medium value of corporate value multiple) to 16.7 times, butIt is still at a high globally.
Zhou Hao said that the market transaction multiple in 2022 is high, and the valuation of the buyer and seller cannot be coupled to cause the liquidity. Since 2023, the transaction multiple is still in the process of adjustment. It is expected that it will continue to be reduced in the future.Essence
