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Private equity deals increase in the Middle East

Deloitte Middle East has said private equity investors in the GCC region are increasingly seeking opportunities in sectors including education, healthcare, oil and gas services and basic consumer necessities, Saudi Gazette has reported. "The Private Equity market in the Middle East makes up only a small part of the overall merger and acquisition marketplace. However, it is in a very healthy state with deal volumes and values significantly increasing in 2012, as compared to previous years," said Richard Clarke, managing director, transaction and restructuring services, Deloitte Middle East. "The financial crisis has impacted the number of active PE funds in the region, resulting in a reduction in total active firms. Yet, the positive side for PE firms is that there is reduced competition for assets," he added.