Fundraising by Southeast Asia’s privately-held companies cooled in October, after four consecutive months of growth in dealmaking activity. Deal value dropped to levels last seen in July on fewer megadeals in the month, compared with September.
Proprietary data compiled by DealStreetAsia showed that Southeast Asian firms raised about $1.6 billion in October — a 43% decline from about $2.8 billion in September. The number of deals, too, dropped to 89 in October from 98 in the previous month.
