It dropped 41.9% YoY.
This chart from Thomson Reuters shows that private equity-backed mergers and acquisitions in Singapore fell 41.9% YoY to US$1.6b worth of deals YTD.
Last year, deals went as high as US$2.8b.
Part of this year's deals was Cyrus BidCo Pte Ltd, a unit of Blackstone Group LP.
It bought real estate business trust Croesus Retail Trust for $1.1b including its net debt.
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