PE sum invested in Q1 dips 39% to $3.6 bn; internet firms remain favourites

The first quarter of 2020 saw a decline in number of private equity deals but an increase in sum equity invested over the previous quarter. Sum invested stood at $3.6 billion, a 26 per cent increase from the previous quarter but a 39 per cent drop over the same period last year, data from Refinitiv showed. 

Internet companies continued to attract the maximum PE interest while financial services saw a decline by almost 50 per cent. 

Investments in the internet space shot up by 60 per cent to $2.03 billion year on year but the total number of deals remained