Deep insights about Private Equity activity in Saudi Arabia in 2023
Associate Managing Director at Kroll | Investment Banking | Private Equity | Venture Capital
Saudi Arabia private equity topped $4 billion in 2023. The MAGNiTT report is a must read for those looking for insights into the Kingdom’s private equity landscape. Here is a summary of the report: The Kingdom’s private equity transaction value has increased from $0.5 billion in 2019 to $4 billion in 2023, a 7.6x increase. The number of transactions has increased from 7 to 30 over the same period. Buyout acquisitions represented 70% of transaction by volume in 2023, followed 27% of growth transactions. 67% of the transactions were in the $50m-200m range, followed by 17% +$200m, and 17% less than $10m. Between 2019 and 2023, the manufacturing sector accounted for most of the private equity acquisitions ($4 billion), followed by financial services ($2.6 billion), telecommunications ($1 billion), healthcare ($0.6 billion) and food and beverage ($0.2 billion). As expected, PIF was one of the most active investors. #privateequity #buyout #investing #investmentbanking #mergersandacquisitions
