Rising GP rivalries set to send China PE target valuations soaring

For private equity in China, 2020 was the great comeback year, but going forward investors are likely to find it more difficult to secure investments due to higher valuations and increased competition, according to a new report. Zhou Hao, Bain & Co The Asia-Pacific Private Equity Report 2021, published by Bain & Co., showed that deal value in Greater China rebounded sharply in 2020 after a 35% drop in 2019, jumping 42% to $92 billion. The five-year average also ros…