Private equity looks toward China

Bain & Company's Greater China 2016 Private Equity Market Overview found that the greater China private equity (PE) market had a blockbuster year in 2015, driven by a surge in multibillion-dollar deals and growing opportunities in the digital/internet sector.

According to Bain, deal value jumped 56% to a record $69 billion last year, due to a doubling of multibillion-dollar deals — 14 in 2015, up from seven in 2014. Robust PE activity in the internet sector accounted for 40% of deal value, up from just 15% in 2014, and more than 50% of volume, far exceeding other sectors.