Sovereign investor 2017 deal values down 24% at $72bln | ZAWYA MENA Edition

Sovereign investor 2017 deal values down 24% at $72bln | ZAWYA MENA Edition:

"Sovereign investor deal-making fell 24 percent in 2017 to $72.5 billion as megadeals such as China Investment Corp's (CIC) bumper $13.8 billion buy of warehouse firm Logicor, which led the pack, were thin on the ground. In previous years, multi-decade port infrastructure leases and pipeline purchases have swollen the pot. In 2017, it was consortium deals and venture capital funding rounds that boosted values, with tech start-ups and energy the popular plays. For example, the second largest deal in the fourth quarter was a mega-funding round for on-demand services provider China Internet Plus. This raised $4 billion, with GIC among the participants.   "



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