Private equity firms are planning to increase investment in Asia over the next year as they look to tap into potential growth, a survey from Ernst & Young showed.
Some 83 per cent of private equity firms surveyed by Ernst & Young for its Global Capital Confidence Barometer, said they planned to increase investment activity in emerging Asian countries, such as Indonesia, over the next 12 months, making it the most appealing region for professional dealmakers.
Private equity groups have flooded into emerging markets in recent years, looking for large profits from companies in fast-growing economies with growing and increasingly wealthy middle classes.
Some early investments show signs of paying off. Leading European private equity firm CVC is seeking more than US$2 billion for Indonesia\'s largest department store chain Matahari - more than double the price it paid just two and half years ago.
Some 83 per cent of private equity firms surveyed by Ernst & Young for its Global Capital Confidence Barometer, said they planned to increase investment activity in emerging Asian countries, such as Indonesia, over the next 12 months, making it the most appealing region for professional dealmakers.
Private equity groups have flooded into emerging markets in recent years, looking for large profits from companies in fast-growing economies with growing and increasingly wealthy middle classes.
Some early investments show signs of paying off. Leading European private equity firm CVC is seeking more than US$2 billion for Indonesia\'s largest department store chain Matahari - more than double the price it paid just two and half years ago.