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APER0512YE

APER 2005 Year-End Review - Record Growth
  • Over 2.5 fold increase in incoming funds, to US$17.6 billion
  • India was the most attractive country for funds in Asia
  • Over $15.2 billion invested, a 29% increase from 2004
  • Average deal size has ballooned 31%
  • US$19.8 billion returned to invested
  • Holding periods proved relatively short

In the 12 months of 2005, the Asian private equity industry witnessed a sea change of dynamics. Read in-depth analysis, plus extensive charts and data, from the APER Year-End Review 2005 -

Fund Pool
  
  • over US$17.6 billion of fresh capital has come into the market, an increase of 2.6-fold compared to the US$6.5 billion for 2004
  • for the first time, three mega funds, each at US$1.5 billion or above, closed within a year, adding US$5 billion to the capital pool
  • India led all other markets in attracting over US$2.3 billion of fresh capital
  • For the first time, country funds with sizes over US$500 million were established, indicating a level of maturity has arrived at country markets

Asian PE Funds 2001-05

Investments
  
  • over US$15.2 billion of capital deployment is known to have taken place, a 29% increase compared to the US$11.8 billion for 2004
  • there has been no increase in the number of deals consummated, at 271, virtually the same as the preceding 12 months
  • the average deal size has ballooned by 31%, to US$63 million
  • for the first time, buyout situations accounted for less than 50% of the transaction aggregate while growth/expansion took the lions share, indicating the return of growth capital investment in Asia
  • companies providing services are in the most-favoured industrial sector, raising over US$5.3 billion from investors, the highest amount ever recorded for a leading industrial sector
 

Top Asian PE Investments 2005

Divestments
  
  • 188 exits were known to have been taken place, a rise of 25% compared to 2004s 150
  • over US$19.8 billion has been returned to investors for an invested capital of US$5.9 billion
  • the medians of multiples and internal rate of returns indicated that investors have been able to dispose their equity stakes in companies within a relatively short investment holding period
  • Japan accounted for 46% of the US$19.8 billion returned capital, followed by China and India
  • Initial public offerings was the most preferred exit route, taking up 50% of the divestment mode
  • Trade sale remains the dominant exit route in Japan which accounted for 85% of the divestment activities

Asia ex-Japan PE Divestments 2005

The only Year-End Review that separately examines trends in

  • Asia (including Japan)  
  • Asia (ex-Japan)
  • Japan only
Contents

Summary Points - Funds, Investments & Divestments (Asia including Japan)
Summary Points - Funds, Investments & Divestments (Asia excluding Japan)
Data Overview & Analysis (Asia including Japan)
Data Overview & Analysis (Asia excluding Japan)
Data Overview & Analaysis (Japan only)

Selected Charts

A total of 23 charts are available with the Year-End 2005 Review. Some selected charts follow.

Figure
Title
Asia Including Japan
Funds
Fig. 1 Annual Fund Pool (2001 - 2005)
Fig. 2 Distribution of Private Equity Funds by Buyout/Growth/Technology (2004-05)
Fig. 3 Distribution of Private Equity Funds by Geographical Focus (05)
Fig. 4 Growing with Funds:Asia's Mega Funds
Investments
Fig. 5 Top-Ten Private Equity Transactions (2005)
Fig. 6 Stages of Investment in Asia (2004 - 2005)
Fig. 7 Investment Destinations (2004 - 2005)
Fig. 8 Investees Company Profile by Industry (2005)
Divestments
Fig. 9 Capital Return Profile (2005)
Fig. 10 Divestment Profile by Method (2004 - 2005)
charts also for ..
Asia Excluding Japan
Japan only

 

Now Available
The full 20-page issue of the APER Year End Review 2005, with full charts and analysis, is now available for US$649 /GB430 / HK$5,065/ SG$1,055 . Please contact us to order.

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