China’s private equity deals surged in 2020 as country emerged from Covid-19 crisis, Bain survey finds

China’s private equity investors benefited from the country’s swift action to contain the Covid-19 pandemic, enjoying a jump in investment value and deal numbers last year, according to global consultancy Bain & Co.But the fund managers face an uphill battle to conclude more lucrative deals this year amid escalating competition.“Higher selling prices of targeted firms are expected this year,” said Lucia Li, a partner with Bain said. “High-growth companies are actively chased by many funds,…

Read the original article at South China Morning Post