Second Covid-19 wave leads to sharp dip in PE volumes and value in May

Overall deal values halve to $3,194 million in May from a month earlier

The second Covid-19 wave has led to sharp dip in private equity volumes and value in May. PE investments halved by value to $3,194 million that month, from $6,137 million in April. Banking and financial services garnered the highest share of PE money that flowed in during May. Investments in PNB Housing by the likes of Carlyle and others stood out and such deals are expected to increase, said a report by Aurum Equity Partners.